The Apple Financials Report: Stock Tanks Over Record Profits
October 15th, 2005In the Wall Street universe things don’t always operate in a logical fashion. Take Apple’s latest quarterly report. The company reported record earnings of $430 million, or $.50 per diluted share. Revenue reached $3.68 million, and Apple shipped 1,236,000 Macs and 6,451,000 iPods. Compare this to revenue of $2.35 billion, and $106 billion, or $.13 […]