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Apple's stock soars $12 after hours thanks to better than expected Q2 earnings

0. phoneArena posted on 20 Apr 2011, 17:03

Thanks to strong iPhone sales that came from Verizon after the carrier was allowed to sell the device, Apple reported earnings for the second quarter that nearly doubled the figure from the prior year on an 82% increase in revenue...

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posted on 20 Apr 2011, 19:25 1

1. downphoenix (Posts: 3165; Member since: 19 Jun 2010)

Apple is overpriced on everything, even their stock is overpriced.

posted on 20 Apr 2011, 19:50 3

2. Lucas777 (Posts: 2137; Member since: 06 Jan 2011)

shut up. U just cant handle the fact that they r good at making a profit. If they r good at one thing it wud be that. Also their stock has risen steadily with their reputation and the iphone. Its not like it is super high all the sudden. And, since everything comes down to apple vs google, google has way more overpriced stock. The ratio is 22 when it shud be 15 for normal stock. This shows how overpriced it is. Especially when you own stock in a company where they have no product to sell. Basically youare investing in advertisements and search since android makes no money for them. Also, bing recently gained 30 percent of the markert showing google does not completely control search.

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