Apple PR…
And there you go. The idiots and bozos who tried to extrapolate iPhone sales based on U.S. activations and ignoring international sales can eat dog poop as they just revealed how clueless they are.
$39.2 billion in revenues, $12.30 in earnings per share, 11.8 million iPad’s sold, 35 million iPhone’s sold, $110 billion in cash. Apple Q3 guidance is slightly lower compared to estimates but the color on that will come in the conference call. I expect the numbers to be lower since Apple is likely going to be undergoing some product transitions (namely Mac’s).
The company is also on track to blow the roof off their fiscal 2012 earnings to where expansion of their earnings multiple has to increase to something a bit more realistic of the hypergrowth mode they are in. My previous target of $750 is now far too conservative because we’ve still got new Mac’s and the next iPhone to drive the cycle.
