Apple Beat Q4 Estimates

Apple stocks continue to climb despite law suits over iPhone and foreign governments demanding that the Cupertino-based Apple make amends for knowingly selling faulty iBooks a few years back.

Another major factor in Apple's performance is, of course, sales.  Two of the major sales factors (outside of the iPhone) are the new Universal Binary applications from major players like Adobe and compelling product refreshes such as the new iMac or updated MacBook Pro.

“For the three months that ended Sept. 30, Apple said Monday it earned $904 million, or $1.01 per share, compared with $542 million, or 62 cents per share, in the year-ago quarter.

Apple easily beat the expectations of analysts polled by Thomson Financial, who predicted earnings per share of 86 cents on sales of $6.07 billion.”
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