Spare a moment of pity for the Apple (Nasdaq:AAPL) bears and shorts, as they have another difficult day ahead of trying to get over their cognitive dissonance. Simply put, this company remains a remarkable force in consumer technology, and seems to have an uncanny ability to create its own markets. The Gordian knot for Apple investors, then, is trying to make their peace with a valuation that suggests Apple may just be worth a truly breathtaking amount of money.
A Great Start to the Year
Apple certainly had a good Christmas. Revenue in the fiscal first quarter jumped 73% from last year and 64% from the prior quarter, and did some very bad things to the prior analyst guesses. Revenue was largely strong across the board - PC sales were up 22%, iPhone sales were up 133% and iPad sales were up 99%, while iPod sales declined 26% year-on-year.
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