Apple reports second highest earnings in its history

Thank You TUAW . As a daytrader you are given 4 TO 1 Margin, that means if you have $25,000 to invest the broker will lend you 100,000.00 to trade with. In the second biggest gamble of my life I dumped it all into apple a few days earlier. This is how it went i could not sleep the night before the earnings report, so I got up went to the computer, every article I read about Apple was negative, not even cramer would touch the name, before I knew it it was 7:30 am wednesday morning. I watched the open for any spike in shares, at exctaly 1:00pm thier was a spike of 3 million shares, than anonther 2 million shares trading up. than for the next 2 hours nothing, and than the stock holders lost hope and dumped the shares and the stock tumbled $4.00 and my heart sank, but still I held my ground my stomach an acid wreck, I kept thinking about this site, that has kept me up with the love people have had for apple, I held watching more investors drop my the millions I thought about the hundred stores that I called to ask sales people how it was going and I held. at 4:45 the first call earnings report were out and investors read it the wrong way and they dropped, but within the next nano second the stock went from 53.00 to 58.00 my finger was crushing the mouse button and I realized it was over I, no WE no Apple had come back from being sodimized form Pipper and Jaffrey when they declared Apple had nothing left to offer the digital world and the stock plummeted from $100 a share to $50.00 based on thier word and so without realizingit I had sat at my computer for 15 hours straight and I sat with a small fortune in my lap. but even more important I stand at the top of the mountain today holding none other than the Apple Flag, and feeling like we lost the battle 3 months ago but today I feel the WAR was won.

There are two ways to look at the record earnings part. First, that it's great news because it's second to a holiday season 1Q 2006. The flip side would be to say that they're actually making less money quarter over quarter, but that'd be comparing Apples to... nevermind.

I hope Apple continues to grow, because that means better products for the consumer.

Also, the profit represented $.54 per share, which was higher than the $.44/share analysts were predicting.

Not to mention:

* Macs accounted for 55% of revenue

* The 12% increase in Mac sales happened during a quarter in which the overall industry was slumping

* The 12% increase happened despite the fact that desktop (PowerMac G5) sales took a nosedive, as professional power users are waiting for 1) a new Intel based high-end desktop, and 2) Adobe to release it's Universal Binary versions (CS3...)

* iPod sales increased 32% when most analysts were predicting a drop in sales