Apple (AAPL) reports strong earnings, but weak EPS forecast

Published: April 23, 2008, 1:14 pm

Tags: aapl, apple, earnings, featured, forecast, iphone, ipod

Filed under: Earnings reports, Forecasts, From the boards, Products and services, Management, Competitive strategy, Apple Inc (AAPL), iPhoneTech giant Apple Inc. (NASDAQ: AAPL) reported its fiscal second quarter numbers this afternoon, easily beating out Wall Street estimates for the quarter.Analysts had been expecting the company to report earnings of $1.07 a share, and the company actually reported earnings of $1.16 for its most recent quarter. Sales came in way above estimates as well, with a reported $7.51 billion, exceeding the $6.964 billion analysts had been looking for.Today's report should help wipe any concerns that the current economic slowdown in America is negatively affecting the company's business. As I noted in our earnings preview, there were three main factors that I wanted to pay attention to today; the Mac, iPod and iPhone. Mac was strong as expected, with shipments up 51% from the same period last year. We knew that the iPod would be a sore subject for the

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