The results are in, and as expected, Apple beats the Street consensus with earnings coming in at $1.78 per diluted share. These numbers include 9% year-over-year growth of the Mac, and 88% growth for the iPhone versus the year ago quarter. For calendar year 2008, Apple sold 13.7 million iPhones.
Thus far the street is very excited about these results; with AAPL currently up 9.5% in after hours trading.
With rumors of Microsoft missing its own numbers, and preparing for a fairly massive round of layoffs, it remains abundantly clear which of these two companies is trending upward with significant momentum, and which is struggling to maintain. Not a bad time to remember: the trend is your friend.
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