Tuesday, October 21, 2008

Apple beats numbers again.

Let's look at Apple in this market:

-Apple is sitting on $25 billion of cash.
-Apple has no debt.
-Apple sold more iPhones this quarter than Research in Motion!
-Apple has the strongest product line in technology.
-Apple generated $9.1 billion of cash in fiscal 2008.
-Apple, with it's conservative accounting, is developing a huge income stream, with $4.8 billion of deferred revenue for the current quarter, and non GAAP earnings of $2.69. http://www.sec.gov/Archives/edgar/data/320193/000119312508213642/dex991.htm

Apple consistently understates it's financial power and guidance. But in this market, every stock is a battleground. So they sell it down 7, and then buy it up 10!

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