Apple posts $13b quarterly profits

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  1. #1

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    Apple posts $13b quarterly profits

    Talk about a company that has plenty of cash to use. $17.5b in cash low during the December quarter. That is similar profits to what a mining company produces without the infrastructure investment to go with it.

    Wonder what they will do with the cash and come out with something new to distrupt traditional markets?

    Edit: Actually Apple has $97b in cash reserves now.....what are they going to do with it.

    http://www.bbc.co.uk/news/business-16712089

    Last edited by virago; 25-01-2012 at 11:06 AM.

  2. #2

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    Stock price just gapped up through the previous high of $431, is now trading $32 higher at $452. Pretty impressive, (unless you were short!)