Apple up to $102.5 in after hours trading

[Filliam H. Muffman]

Blows away estimates of 65 cents with results of 87 cents.

I guess people that own the stock but not the computer care about the iPhone more than Leopard?

[Chupa Chupa]

No, people that own the stock care about higher earnings. Period. They don't give a rats @ss where the earnings come from. As a stockholder, I'm very comforted in these earnings given Apple had no new products this quarter to feed the growth. This was mostly old products. CS3 only shipped at the very tail end of the quarter. iPhone hasn't shipped. Leopard hasn't shipped. CPU refreshes due next Q. LOTS of great stuff coming from Apple to fuel earnings higher and higher.

[Rick-o]

Yes! Just been watching the action over at the google financial forums. Those guys sure are excited...Well, I am too!

[Seacrest]

Whoa!
I checked the AH price soon after final bell and it was only up around seven cents!

[Silencio]

Quarterly results just released this afternoon: revenues up almost $1 billion over Q2 2006, profit of $770 million. 36% increase in Mac sales and 24% increase in iPod sales from this time last year.

Good times.

The newest products in the lineup are the new iPod Shuffle (selling very briskly) and the AppleTV (curious to see how that one's doing).

[Billybob]

I guess I should kick myself for putting in a limit order this morning at $93 instead of a market order.

The question is whether it will close on Thursday above 100. Google had a great quarter, went up to $495 after hours, but closed at ~$482 the next day.

Will Apple hold its after-hours gain?

[Grateful11]

How many times has Apple split since it went down to $12/share many moons ago?

[IronMac]

[quote Billybob]Will Apple hold its after-hours gain?
I've never seen AAPL hold its after-hours gain in situations like this and I've been holding (and buying and selling) AAPL since 1996-1997.

[Chupa Chupa]

[quote Grateful11]How many times has Apple split since it went down to $12/share many moons ago?
1987 2:1

2000 2:1

2005 2:1

[Article Accelerator]

[quote IronMac]I've never seen AAPL hold its after-hours gain in situations like this and I've been holding (and buying and selling) AAPL since 1996-1997.
Hmm..there has never been a situation quite like this for Apple and AAPL.

The stock remains quite undervalued.

(For amusement, consider than AMZN's forward P/E is 48 vs. AAPL's at about 22...)