Apple : Apple computer reported 3rd Quarter earnings per share of .62 today. The so called "experts" estimated Apple's 3rd Quarter earnings to be .51. Bottom line, the earnings crushed expectations. Traditionally, the 4th quarter of the year, i.e. the holiday season, is Apple's strongest since everyone and their brother wants either an iPod, and updated iPod, or even more significantly, a MAC PC. There has been a debate as to whether or not Apple could increase its personal computers sales as a result of its wildly popular iPod. Well, in the 3rd Quarter, MAC PC sales rose 30% from a year ago. This is a HUGE increase. Some analyst attribute this to Apple's move to make Intel chips compatible with the MAC. Its working. I think investors recognize this fact and the momentum will come back into the stock thru the holiday season. I think Apple stock makes it to $100 by 1st Quarter next year, which basically means about a 25% increase from today's prices.
Tommorrow: Tech Gorilla Google reports its 3rd quarter numbers after the close.
Tommorrow: Tech Gorilla Google reports its 3rd quarter numbers after the close.
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