The Stars are Aligned for Apple Inc. TodayApril 25, 2012
Apple Inc.’s stock owners can breath better today. After a couple of weeks where Apple’s stock has been declining, this morning it gained 10%. Many concerns have been voiced about Apple’s success in the post Steve Jobs era, and these concerns have been amplified by the last couple of weeks where the Apple stock performed badly. However yesterday after the market closed, Apple released its second quarter results which report a net profit that is almost double of profits reported in the same quarter last year.
One of the most interesting facts in this report was the number of iPhone sales. It was reported that the company sold 35.1 million iPhone in the quarter which represents 88 percent unit growth over the year-ago quarter. According to David Goldman of money.cnn.com the iPhone sales numbers for the first 3 months of 2012 soundly beat analysts’ expectations. Another interesting fact Goldman mentions is that the iPad is now Apple’s fastest-selling device reaching 67 million sold since it launched two years ago. It took Apple three years to sell as many iPhones, five years to sell as many iPods and 24 years to sell that number of Macintosh computers, Goldman writes.
If that wasn’t enough, Apple announced this morning the schedule for this year’s World Wide Developer Conference which will take place in San Fransisco June 11-15 2012. According to Jonathan E. Skillings of news.cnet.com the tickets to the conference, which cost $1,599.00 a piece, sold out in about 2 hours. So it appears as if the Stars have aligned today for Apple Inc. and if anyone was wondering about Apple, we think it would be safe to say that the company is ‘still doing fine’.