Apple (AAPL +2.67% to $386.9) posted 3Q EPS of $7.79 ($5.87 expected), a record high quarterly figure, vs $3.51 a year ago on sales of $28.6B (also a record), up 82%. In the quarter the Co sold 20.34M iPhones, up 142%, 9.25M iPads, up 183% and 7.54M iPods, down 20%. CEO Steve Jobs said: "Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall." The Co forecast 4Q EPS at appx. $5.5 vs $6.41 expected.
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Some of the small chinese food stocks look like bargains along with some of the chinese steel stocks. unfortunately for those of you investing in stocks like Mcdonald's and Yum brands Apple computer that do lots of their business in china you can expect only mediocre investment returns over time. The really great returns in these type of stocks were made decades ago when they were small unknow companies unlike today.
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