On Tuesday afternoon, Apple reported a 78% surge in quarterly net income, soundly beating Wall Street’s estimates on better-than-expected sales of the iPhone, iPad and iPod. Read full story on Apple's earnings.
Breaking away from its typically highly conservative forecasts, the company also issued guidance for the March quarter that was ahead of analysts’ estimates. The March quarter will include the launch of the iPhone 4 at Verizon Wireless.
Guys AAPL beat by roughly $1B that is more than many companies entire market cap.