I went over the four reasons that Apple
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.
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: DISH) ? (Nasdaq: TIVO)
posted a better-than-projected quarterly profit, two days after rival TD AMERITRADE (Nasdaq: ETFC) beat analyst estimates. (Nasdaq: AMTD)
is seeing procedure growth decelerate on its flagship da Vinci surgical robotics, though it's hard to scoff at 30% growth. (Nasdaq: ISRG)
- Shares of VMware
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. (NYSE: VMW)
Until next week, I remain,
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Intuitive Surgical and VMware are Motley Fool Rule Breakers picks. Motley Fool Options has recommended a bull call spread position on Apple, which is a Motley Fool Stock Advisor selection. The Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He owns no shares in any of the stocks in this story and is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.