Shares of tech giant Apple Computer (AAPL) rose to a new all time high today after the company shattered analyst estimates for its fiscal second quarter.
As we noted in our earnings preview for Apple, analysts had forecast earnings of $2.45 per share, and the company blew past those estimates with a reported $3.33.
Once again the company got a big boost from iPhone sales, with 8.7 million new iPhones sold during the quarter, more than double the amount of iPhones sold last year.
Looking ahead Apple expects to earn $2.28 to $2.39 per share for its current quarter.
Apple stock is up 5.6% on the day to $258.28, up $13.69 and hit a new all time high today at $260.25.
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