Quarterly Report Satisfies Investors

Apple announced its latest quarterly financials this week, and Wall Street was enthusiastic about the report. Shares jumped in after-hours trading and continued to rise the next day. The company earned more than $35 billion with a profit of nearly $7 billion, slightly up from last year.
The most impressive piece of news was the 31 million iPhones sold. The launch of the new MacBook Air models drove more than 3.8 million Mac sales. In addition, Apple’s guidance for next quarter was higher than analyst estimates.
While the business side of Apple was happy with this news, the developer side had a rough week when Apple closed its developer portal after it was compromised by an intruder. Though it looks like no real damage was done, Apple has kept the area closed for an extended period while it improved security at the site.