Apple knocks it out of the park

Like many people, I expected Apple’s results for the latest quarter to be good — after all, sales of the iPhone seem to be humming along (despite some early skepticism about the market’s response), and Mac sales also seem to keep climbing. But I must admit that I didn’t expect the company to blow the doors off. Profit up 67 per cent, revenue up almost 30 per cent — for a company with annual sales of almost $25-billion, that is an incredible performance. Analysts were expecting 85 cents a share in profit and Apple made $1.01. The company’s share price has more than doubled since the beginning of the year, but I would hazard a guess that it is going to go up some more.

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