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Apple

+ - Apple Blows Away Wall Street Again

Submitted by
Hugh Pickens writes
Hugh Pickens writes writes "Apple announced first quarter results blowing past Wall Street's estimates after consumers snapped up 37 million iPhones and 15.4 million iPads, doubling sales from a year earlier, swelling its cash hoard to almost $100 billion, and sending its shares up 8 percent into record territory. "Customer demand was off the charts in the quarter," says Apple Chief Financial Office Peter Oppenheimer. But what is perhaps most amazing is that there is still plenty of room for more growth. "I would say Apple still has many unpenetrated international markets, says Hendi Susanto at Gabelli & Co. "Apple is still far from its saturation.""

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