Apple blows away estimates
Apple (AAPL) just reported a stellar quarter, handily beating both their own guidance and Wall Street estimates. The biggest, boldest number - 6,892,000 iPhone sold this quarter - more than the number of Blackberrys sold by RIM. The below quote by Steve Jobs pretty much sums up the quarter:
“Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone — we sold more phones than RIM,” said Steve Jobs, Apple’s CEO. “We don’t yet know how this economic downturn will affect Apple. But we’re armed with the strongest product line in our history, the most talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt.”
Makes me glad to be a shareholder.
