Apple shares soar past $100

Updated

Following better than expected quarterly earnings, shares of Apple soared above $100 to hit a new all-time high. As reported late yesterday, Apple saw second quarter earnings come in at $770 million, or 87 cents a share, compared to earnings of $410 million, or 47 cents a share, last year. Analysts were expecting, on average, earnings of 64 cents a share on revenue of $5.17 billion for the quarter. During the quarter, Apple shipped more than 10.5 million iPods and more than 1.5 million Mac computers.

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LC Angell

LC Angell was a senior editor at iLounge. Angell is known for her work on various aspects of the Apple ecosystem, including iPhone, iPad, and iPod. In his role at iLounge, Angell was responsible for a wide range of editorial content, including reviews, buyer's guides, news, and features.