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Introduction to Investment, Credit and Personal Finance for Us Regular Joes

Apple’s Monster Numbers

Apple adopted new accounting standards so it took some back of the hand math to come up with expectations etc.

Computed Avg Expectation with new accounting: $2.45/share

Actual:  $3.67/share

My eyes popped out of my head (almost) when I saw the number. Luckily I added a few more shares just before trading was halted at $204. Trading resumes at 4:55pm. I would expect atleast a $10 jump if not a jump to $250.

Apple reported 15.6 billion in revenue way over the 12 billion expected. So Apple beat in both revenue and earnings and by a wide margin.

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