Apple: Any more doubters?

Published: July 25, 2007, 3:01 pm

Filed under: Earnings reports, Analyst reports, Forecasts, Apple Inc (AAPL), AT and T (T), iPhoneWell, by now you have probably read or heard about Apple Inc.'s (NASDAQ: AAPL) spectacular June quarter. Apple crushed Wall Street expectations by $0.20, reporting earnings per share of $0.92 on revenues of $5.41 billion. The numbers were up dramatically from last year's similar quarter of $4.37 billion of revenues and earnings per share of $0.54. I wrote a couple of days ago that Apple has doubled in price these past 12 months and will double again over the next three years if not sooner. The case is now more compelling than ever. The great news about Apple's June quarter was summarized in one sentence by CEO Steve Jobs: "iPhone is off to a great start -- we hope to sell our one-millionth iPhone by the end of its first full quarter of sales -- and our new product pipeline is very strong." That's the story in a nutshell. Yesterday (Tuesday) all the worry-warts were panicking because

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