Monday, May 3, 2010

(Prediction Game) Continued... AAPL

The next stock I mentioned was Apple Inc.

AAPL-Apple Inc. The maker of computers (MAC), the iPhone the popular iPod, and the iPad to name a few. Apple is the industry leader in gadgets and always leading the way to new and improved technology. Their products are very user friendly and they offer a whole new world to how people interact and communicate with each other. If nothing at all their products are truly entertaining to the masses. As of April 20th Apple's current earnings report was phenomenal. (Earnings report occurs usually every 3 months and this is when a company goes into detail of how the business is doing and what outlook they have for the future. Earnings are a great way to find out how healthy a company really is. It's a must to pay attention to earnings reports when you own that company as this will give you an opportunity to evaluate the company to see if it will be a good investment in the future) Now Apples earnings were as followed. -the Mac computer showed a 33% volume increase from a year ago, the iPhone was up 131% from a year ago, and the iPod had a 1 decline from a year which they still sold 10.89 million iPods. Apple revenue was up 49% to $13.50 Billion and their profits up 90% at $3.07 Billion. With the new iPad that was just introduced to the market I believe it will add plenty of growth to the stock. Apple @ $261.60 is still cheap in my eyes and will power higher. For more information check out http://www.apple.com/ to see for yourself.



Thank You,

Clay-

2 comments:

  1. Clay,

    Good information!!!

    ReplyDelete
  2. Thank You!

    I'm glad this was beneficial information to you. AAPL is a great buy right now. That iPad that they have is an amazing piece of technology!

    Clay-

    ReplyDelete