Recession? What Recession? Apple Has Record Quarter

Apple's quarterly results are out, and they are staggering. Here's the full rundown, but the short story is, it was a record quarter for profit. A record quarter. Now. WOW!

A Huge, Huge Quarter For Apple

Apple has announced it's quarterly earnings. Key takeaways: 6.9 million phones sold, and an all-time high for Mac sales at 2.6 million. Full details can be found here. Don't forget, we'll have our live video analysis show at 6PM ET / 3PM PT. I hope you'll join us, and let us know what you think via iChat or AIM to "tdllive".

Apple has another record quarter. Sell! Sell! Sell!

Apple does it again, showing a 31% increase in profit, year over year. And how does the market react? The stock fell more than $17 in after-market trading. I would challenge you to find any other computer or electronics company experiencing double digit growth consistentlt, year-over-year, every single quarter.

What would it take for Wall Street to treat this stock with a little respect? The stock's current value virtually ignores the iPhone as a revenue generator. Meanwhile companies in other sectors are rewarded for posting losses that weren't as bad as expected.

It just doesn't make any sense. We could go on for half an hour about this, and actually we did:

Apple Earnings are out. We'll break it down live tonight

Apple just announced their quarterly earnings, with the best June quarter in history. $7.46 billion in revenue, quarterly profit of $ 1.07 billion, or $1.19 per share. If you want a full breakdown of the numbers, join us at 8:30PM ET tonight for our live Quarterly Earnings Show, immediately followed by TDL Live at 9PM ET.

Apple Has a Record Quarter

The official numbers are out, and Apple had the best second quarter ever. Ever. Now we'll have to see what happens to the stock... Watch our full analysis tonight at 9PM ET / 6PM PT. We'll be taking your questions, and your insight as well. Until then, you can check out the raw numbers from Apple here.