Apple Earnings Wow
Amid the gloom of announcing Steve Jobs’ latest medical leave of absence, Apple said today that it earned $6.43 per share on revenue of $26.7 billion. That’s a 71 percent jump in profit over last year.
The company beat Wall Street expectations by more than $1.00 per share in earnings and two billion in revenue. Both the Wall Street Journal and Wired used the word “crush” to describe the company’s performance this quarter.