In the world of tech stocks everyone is on their way down in this volatile market. All that is but a big tech dog by the name of Apple. Apple is not only beating most every tech stock in the last few years they are continuing to do it in a spiraling out of control market. Not only is Apple beating out tech stocks they are beating out most stocks on both markets. They continue to announce positive gains in every quarter with the 3rd quarter news just being released the good news continues for Apple.
When you look at 3rd quarter numbers for Apple and take a look back at what a terrible quarter that was for most other companies it’s actually quite amazing. Honestly I think by the example they have shown us over that last few years more companies should run their business and use Apple as the model for success. They continue to put out cutting edge technologies that people want and can afford. They run a tight ship when it comes to managing their bottom line and I think the fact that they have run up a bankroll of almost $25 billion dollars and no debts in the face of a downward economy speaks volumes! Heck not only companies our government should take some cues from the Apple model as well!
With almost 7 million iPhones, 2.6 million Macs and over 11 million iPods those are huge numbers for a hardware company. Plus the huge successes of their Apple stores, iTunes and the latest and greatest Appstore for the iPhone which just passed it’s 100th day and is blowing by it’s 200 millionth app delivery. Those are the numbers that put Apple up over 26% where they were last year at this time! Again that is huge when you consider what the last year has done to most companies in this volatile market. It’s been an amazing ride the last few years for Apple and with $25 billion in the bank they are positioned in a highly enviable place right now. One can only imagine what the future will bring for this tech giant.
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