The world’s most valuable corporation had an absolutely monster fourth quarter. It sold more 37 million iPhones on the way to $13.1 billion in profit – more than double the earnings from last year’s final quarter. It’s biggest problem is figuring out what to do with the nearly $100 billion in cash it has laying around. Would that we all had such problems.
The Surprise: Apple reported $13.87 in earnings per share, a 37% improvement over the consensus view of $10.16.