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Apple Q1 earnings: Just beginning and getting better

Apple, Inc. (NASDAQ: AAPL) just crushed their earnings and revenues for what typically is the slow first quarter. Usually the first quarter is met with a yawn. I have written three posts in the last month that this first quarter would be different, and it was. The street was looking for earnings per share of $.63 -- .66 and Apple reported $.87 on revenues of $5.26 billion, 100 million more than estimates.

What tipped me off is Wall Street analysts usually leave big tech names alone during the first quarter and maybe do a quiet, back-of-the -envelope mid-quarter update. Apple just had too much momentum exiting the December 2006 quarter and the outlook was just getting too big. So four firms put out "real" updates and began to hint of better-than-expected first quarter numbers. I have been recommending Apple to my web site Insider Insights Club Members since last September at $66, when the site opened. But I have been on this story for three years plus and recommending the shares to my old institutional clients since $12.

Continue reading Apple Q1 earnings: Just beginning and getting better

Symbol Lookup
IndexesChangePrice
DJIA+172.608,591.69
NASDAQ+42.581,492.38
S&P 500+21.93870.74

Last updated: December 03, 2008: 06:53 PM

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