If something is too good to be believed, it probably should not be believed. If something can't go on forever, it won't. And yet, there's Apple (Nasdaq:AAPL). Apple continues to log financial results that are just absurd as the company has clearly found a golden mean of product desirability and profitability. The question is whether or not Apple has enough rabbits left in the hat to please investors and analysts.
A Blowout Third Quarter
It is not all that uncommon to see billion-dollar mining companies report huge growth in a cyclical upswing, but very, very few companies go from about $16 billion in sales one quarter to nearly $29 billion a year later. But that is what Apple did in the fiscal third quarter, as revenue rose 82% from last year and 16% from the second quarter.
Read more at the link below:
http://stocks.investopedia.com/stock-analysis/2011/Apple-Is-Just-Absurd-AAPL-DELL-HPQ-RIMM-NOK-GOOG-PHG0720.aspx
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