NEW YORK- Shares of Apple have risen on what appears to be a a "delicious quarter." The maker of personal computers, mobile communication devices, and portable digital player stock is currently up 4% 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 "that Apple Just went KOBATA." KOBATA is a seldom used Wall Street word that literally means Knocked it Out of The Ball Park Above Top Anticipation. Very few companies have earnings that are so impressive that their numbers are above any analyst on Wall Street.
The company reported $24.67 billion in record revenue and $5.99 billion in record profit. EPS was $6.40 per diluted share. The company had EPS of $3.33 a share last year. The company increased Mac sales by 28%. Iphone sale increased by 113%. Ipod sales declined by 17% and the Company also sold 4.69 million iPads during the quarter.
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