Description:  Apple Inc. (AAPL) profit almost doubled last quarter, reflecting robust demand for the iPhone in China as well as purchases of a new version of the iPad tablet, allaying the concerns that fueled a 12 percent two-week slump in the stock.
Source: Bloomberg.com
Date: 04/24/2012
Questions for discussion:
- Summarize the financial results reported and the reasons for them.
- How do you explain Apple’s success?
- Do you believe this rate of growth is sustainable?
- Would you be a buyer today?
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