Apple surprised Wall Street, by blowing their expectations out of the water. Apple sold a lot of their merchandise especially during the Holiday season. The article stated that their stock grew by $32 or 8% in afterhours trading. Revenue also surged 74% to a record $46.3 billion and profit more than doubled to $13.1 billion. This being said Wall Street's expectations of Apple were huge with the selling of, iPhones, iPads and Mac computers more than in any quarter in its history. With Apple being a huge company that it is, they were not expected to do this well on profit. Because of new merchandise that is coming out later in 2012 Apple could have another huge year like the last. China continues to take the cake in the technology field, meaning that they have a high demand for the iPhone. China having a high demand for the iPhone skyrockets profit from selling the iPhone. The iPhone continues to be the bestseller in Apple's business, and they continue to improve it. http://www.latimes.com/business/la-fi-apple-earns-20120125,0,2362635.story
Alex Davis
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