Apple’s Monster Numbers

Apple adopted new accounting standards so it took some back of the hand math to come up with expectations etc.

Computed Avg Expectation with new accounting: $2.45/share

Actual:  $3.67/share

My eyes popped out of my head (almost) when I saw the number. Luckily I added a few more shares just before trading was halted at $204. Trading resumes at 4:55pm. I would expect atleast a $10 jump if not a jump to $250.

Apple reported 15.6 billion in revenue way over the 12 billion expected. So Apple beat in both revenue and earnings and by a wide margin.

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