Monday, October 18, 2010

Apple has first $20 billion quarter.

Apple has achieved a remarkable milestone, with its first ever $20 billion quarter. Along with that was a record profit of $4.31 billion, beating IBM's $3.59 billion. Little brother IBM?

In true market form though, AAPL dropped over 6% to below $300 in after hours trading, on lower guidance and news that the iPad has sold lower numbers than expected by the street.

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