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Monday, October 18, 2010

A Delicious Quarter (NASDAQ: AAPL)

CUPERTINO CALIFORNIA- Shares of Apple have declined on what appears to be a "delicious quarter." The maker of personal computers, mobile communication devices, and portable digital player stock is currently down over 5% in after hours trade which is from the time the markets close until 8:00 PM where people execute trades usually at a lower volume. CEO of The Markets Are Open Andyraw Kibbens said "I expected a sell hoff but not of this magnitude." Kibbens explained that "sell hoff" is Wall Street jargon for an illegitimate hoax sell off.

Apple reported 4.3 billion dollars of profit or $4.71 a share on revenues of $20.3 billion. This amount of revenue is 25% more than rival Microsoft reported in their last quarter and a continuing sign that Apple is now the dominate player in tech.

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