Apple shares halted

I have seen this coming since the iphone sales been remarkable. More and more of my friends are getting one of this iphone, it’s no doubt the Q1 profit for apple was so good.

Earning in Q1 up 50% as Apple’s (AAPL) report was released, it indicates that the quarter is the best so far. In terms of revenue, Apple reports $15.7 billion, which is up 32% from this time last year.

Trading of Apple shares was halted in late trading, over some confusion about some of Apple’s accountancy changes, which coincide with iPhone sales recent spike.

Meanwhile, the sales of Apple computers (not just iPhones and iPods) had increased beyond expectation as well. Impending product (device like tablet PC) which will be launched on January 27 boost the Apple potential.

In another report,

The quarterly report overwhelm analyst expectation and company shares were halted on late Monday afternoon, According to CNBC.

The company has earned $2.08 a share in its first quarter and last year the same time its per share earning was $1.78. Sales were increased from 10.167 billion in last year to 15.68 billion in current year.

Stock was high during the Monday session as investors were anticipating of the results from Apple and Texas instrument.
Apple share closed for the day at $202.87 up 2.59 percent on the NASDAQ.

Investors of this company are in for a treat, but should google Nexus One rises to the rank, should expect some competition there, but this achievement of Apple will be a history in the making for this giant company.