[Moogs]

Remember the good ole days when we wondered if we could gain 1% marketshare or make anyone outside our nerdy little Apple universe take notice? Remember when we thought "3 Billion in the Bank" was a big deal? Yah, that was a long time ago because...

Apple just posted a $1.58 BILLION PROFIT.... in ONE QUARTER.

My how times have changed.
See what a little OS innovation and stability, along with some nifty product diversification and a healthy dose of RDF will do for ya?

[Yonzie]

I listened to a bit of the earnings call and they said something like $19 billion in the bank... That's getting close to MS's warchest... (especially since MS has paid out a lot recently)

[Moogs]

Amazing isn't it? Now when someone says "Buy Adobe", I at least have to pause for a moment and consider it a possibility, before I dismiss it as being unlikely. Are you sure about the MS war chest though? Can't imagine it isn't bigger than that by a fair margin.

[Yonzie]

I think last time I checked it was something like $30+ billion...

EDIT: $38 billion in 2005, according to C|net:
http://www.news.com/Is-there-method-...3-5800199.html

[Taskiss]

Yet there is an article that says "Apple Disappoints" on CNN Money but I can't find it anymore.

Interesting how the analysts explain how to make a sows ear out of a silk purse.

Piper Jaffray analyst Gene Munster confessed that in his five years of covering Apple he’s never seen anything like the market’s reaction to these earnings. “I talked to one of our technical analysts before the call and he told me that the stock was going down to 130 no matter what results Apple posted,” Munster said in a phone interview. “Something bigger is going on in people’s minds. There’s a feeling that stocks need to go back to their 200 day averages as the market corrects itself. This is not a bullish sign for other tech stocks going forward.”

[bassplayinMacFiend]

I read it was the 2nd quarter forecast being below expectations that pummeled the stock. Or it could be that no matter what, AAPL has a beta and will react to broader market swings, no matter how awesome their results.

According to Reuters, the stock dropped due to a lower 2Q forecast and lower than expected iPod shipments.

[Taskiss]

Well, expectations be damned. The possibility of a recession looms and folks are critical of a company that makes luxury items who projects that people are going to scale back on purchases.

I'd say "buy" 'cept for that recession thing...