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Apple (AAPL) Leads The Way
What a quarter! A record number of 7.4 Million I-Phones and 3.1 Million Macs. Add in 10.2 Million iPods  and, oh yeah, and a new operating system. Taken together, Apple's 3rd quarter sales resulted in a revenue of $9.2 billion. This is in the quarter prior to Christmas and in an economy which is just recovering from a recession.
All of which led to Apple's stock rising from 189.96 at the close of business on Monday to well over $200 in overnight trading. Only one other quarter in Apple's history generated more revenue and no other quarter has generated a higher profit margin for Apple.
Apple executives projected a very healthy 4th quarter with revenue just a little less than the 3rd quarter. But investors did not seem to mind, as they seem to expect Apple to outperform its own projections yet aga in.
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