I went over the four reasons that Apple (Nasdaq: AAPL) was unlikely to disappoint investors with its quarterly report on Wednesday night.

In retrospect, I should have included a fifth reason: Apple is as Apple does.

As expected by all but the perpetually lowballing analysts, Apple crushed Wall Street's targets. Revenue soared 83%, with profits nearly doubling. Bears can pick on the weak iPad sales, but everyone knows that the iPad 2 was in short supply last month. The impressive feat is how the company was still able to obliterate analyst guesstimates.

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

  • DISH Network (Nasdaq: DISH) filed its intent to retain 500 store leases of the 1,700-unit Blockbuster chain it acquired out of bankruptcy court. Will the other 1,200 locations be closed down, or is DISH just saving money to finally pay TiVo (Nasdaq: TIVO)?
  • E*TRADE (Nasdaq: ETFC) posted a better-than-projected quarterly profit, two days after rival TD AMERITRADE (Nasdaq: AMTD) beat analyst estimates.
  • Intuitive Surgical (Nasdaq: ISRG) is seeing procedure growth decelerate on its flagship da Vinci surgical robotics, though it's hard to scoff at 30% growth.
  • Shares of VMware (NYSE: VMW) popped after the enterprise-software company delivered a strong quarter. After disappointing investors in its previous outing, it's comforting to see the virtualization-software pioneer back on track.

Until next week, I remain,

Rick Munarriz

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