The "iGeneration!"
Apple destroys Q3 earnings estimates with record Revenue, Profit, iPhone and iPad sales!
![Apple sale records Apple sale records](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5AfUHx-7Tu9MfIZcsv9gBn4aXBHkcS55a0c0OOiwlQI-Vs8c8fKtTgfkHa3oj3NNVWWOfg2EigkDBC61q2YTVxJet_hRtHRz3fZ6bEtLFYE-IK6TGSzgsIWInY4mNiGlOSbPVFRY_uRw/s288/17.jpg)
Apple’s (AAPL) revenue and earnings emphasized once again how useless the company’s guidance truly is, delivering EPS of $7.79 that beat the consensus estimate of $5.81, and well above the “whisper” number of $6.69.
Certainly the company has the products and the markets to deliver further growth, although over the last 4 quarters the sequential revenue growth rate has declined, despite the year-over-year astonishing 82% sales growth. And there lies the challenge (although some will certainly state that Apple is a no-brainer, to which I respond that every stock is a challenge going forward). I can bet that Steve Jobs and his crew are constantly looking for new opportunities to keep the momentum alive, and not sipping margaritas because the world is at their feet.
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