Amazing results from Apple for the fourth quarter of 2011.
Amazing. This company made profits of around R471k in each and every every minute in 2011! (Twas higher per minute in Q4).
And the share price didn't do the old "buy on expectation, sell on the facts" slump, it ROSE 8%.
So lets look at the results - here is a pictorial summary from Dan Frommer's SplatF ( http://www.splatf.com/2012/01/apple-1q12-charts/ ), and there is lots of Apple result commentary like at http://abnormalreturns.com/no-one-knows-nothing-apple-edition/
So, where to now?
Is this the start of a new upcycle for Apple, with the iPhone leading it into sustainable compound growth on a new high level, or has it been a perfect sweetspot, with the Blackberry Blackout and the tragic death of Mr Jobs giving the company a one-off megaboost.
Personally, my concerns that the quarter's numbers are too dependent on one product make me bullish about smartphone and the tablet era, but more so about Samsung and other adopters. I am taking a sober view on Apple.