Apple hits another one out of the park
Apple announced that its third quarter profits jumped 73% to 818 million, or $0.92 PDS, on sales of $5.41 billion. These results compare to revenue of $4.37 billion and net quarterly profit of $472 million, or $.54 PDS, for the same quarter last year. Gross margin was 36.9 percent, up from 30.3 percent in the year-ago quarter.
What else is there? Just another fantastic performance by what might be the best management team in technology. Does this make me a fanboy? Do I see the world through Apple-goggles? Let me put it this way: whether you love or hate or are just indifferent to Apple, if you chose not to recognize the financial performance that’s going on, quarter-after-quarter, then you’re a moron. What we have here is a company at the top of its game, a stock that has a huge emotional/speculative bias towards it and a management team that knows how to trickle the PR/news out just right to keep the engine humming on all twelve.Apple is, to the best of my limited knowledge, the only company other than my own that I'd want to work for.