Wed 25 Jul 2007
Apple’s profit surged more than 73%. They sold 270,000 iPhones. And the stock is up about $11 in after-hours trading. w00t. Read more here. Silly investors. I’m so glad I’m along for the ride. Whilst speaking with a friend yesterday he joked and said, “so do you think it will overcorrect to 150 when the real numbers come out?” And I said probably…and well, that’s essentially just what happened. I’m very curious now to see what happens after the opening bell tomorrow. The stock could easily go back somewhere between the $134 mark and the $143 mark it was at earlier in the week, or people could flip out again and push it back up, especially if some antsy analysts get on the horn tomorrow and jack up their price targets and earnings estimates again. How is it that Apple manages to shock everyone every quarter? I just don’t get it…but I’m most definitely not complaining.