Linked by Thom Holwerda on Tue 19th Jul 2011 20:54 UTC, submitted by Governa
Apple "Apple today announced financial results for its fiscal 2011 third quarter ended June 25, 2011. The Company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter's revenue. The Company sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Apple sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter. The Company sold 3.95 million Macs during the quarter, a 14 percent unit increase over the year-ago quarter. Apple sold 7.54 million iPods, a 20 percent unit decline from the year-ago quarter."
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Comment by danbuter
by danbuter on Wed 20th Jul 2011 01:48 UTC
danbuter
Member since:
2011-03-17

With Quantitative Easing going away and oil jumping up again, you might want to consider selling your stocks. I think there's going to be another big panic crash soon, once the Wall Street guys realize they aren't getting anymore free money.

Reply Score: 1

RE: Comment by danbuter
by kaiwai on Wed 20th Jul 2011 01:54 in reply to "Comment by danbuter"
kaiwai Member since:
2005-07-06

With Quantitative Easing going away and oil jumping up again, you might want to consider selling your stocks. I think there's going to be another big panic crash soon, once the Wall Street guys realize they aren't getting anymore free money.


Doubtful - Apple is becoming less and less exposed to the US market with each quarter; the Asia-Pacific region (where I live) grew 57% and continues to grow - sorry to say but we're (Asia-Pacific) are becoming the new engine of growth for the world and America is slowly turning into a slightly poorer version of Europe but without all the culture and sophistication of old Europe.

Reply Parent Score: 2

Bill Shooter of Bul Member since:
2006-07-14

That's true, but it still might be a good idea to take some profits if you had invested in 97. RIM looked like a great stock too at one point.

Reply Parent Score: 2