I love that the anti-everything crowd still follows apple around in some righteous way. Apple dwarfs Microsoft in profits, but they still are the good guys.

 

Even if you are a PC guy, you gotta respect the staggering amount of cash they have amassed, I think they are gonna start by issuing dividends sometime soon.

 

What's good for AAPL is good for QCOM...

 

That's why I got both

 

You may want to check your numbers. Last reporting Qtr. for MSFT was ~$5.7B net income. APPL just pushed out $13B net for the Qtr. No disrespect for MSFT but according to today's numbers this was a record for the Tech industry in Sales and Income. To think they just sell 4 products. Computers, iPads, iPhones, iPods. Not to mention you get the best operating system ever created bar none. Pretty amazing.

 

I'm a little confused, he said apple had larger profits than Microsoft, and that's what you just said, so are you trying to prove him wrong, or are you agreeing with him?

 

Exactly. Apple is bigger than Microsoft as far as profits, revenue, cash reserves yet the anti big corporation crowd still follows apple. It's just irony, that's all. I switched to Mac a decade ago and won't go back, so I am not pro microsoft. It's just that they are now the small guys against the big apple who has more control over their products and more regulations than Microsoft ever dreamed of.

 

i sold my apple to buy the orange in my avatar....

 

I went long apple in every which way possible last week and today. With the profits I just made I think I can afford a new toy that will be posted on the Lamborghini section. I thought about selling AAPL after-hours at around $458 but held off because there will be a pop that sends it to $470 within the first ten minutes of trading. I'm also long GOOG but I'm selling everything that I'm long and will start putting on my bear suit. The markets will correct very drastically in the following weeks so expect AAPL back down to current and lower levels. I'll be adding to my inverse positions for the S&P and Dow, SRTY and SDOW, as well as TVIX. I might even buy some March $400 apple puts. They'll be cheap tomorrow. But for now, I'm just thankful AAPL had an amazing quarter which made me a lot of money.

 

With the money that grows from the Apple tree in my backyard I think I can buy some oranges too.