From The Big Picture:
By now, everyone knows that Apple had a blowout quarter: Q1FY12 sales of $46.33 billion, profits of $13.1 billion, with gross margins of 45%, translates into EPS of $13.87.
But the data points that surround the company today are simply astonishing. Consider these astounding Apple facts:
• Apple reclaimed the title of the world's most valuable company - $415 billion versus ExxonMobil's $413 billion (Yahoo Finance).
• The $97.6 billion in cash that $AAPL has is higher than the market value of 448 of the companies in the S&P 500 (Capital IQ).
• This was the second-highest profit quarter of any company ever...
Read full article...
More on Apple:
The details on last night's incredible Apple earnings report
Porter Stansberry: What people are missing about Apple's stock
New interview suggests Apple's Steve Jobs was inspired by Atlas Shrugged