Just to maintain an ex-cash trailing PE of 14.9 (which severely discounts the growth we are witnessing in their product and earnings) , after this monstrous beat, AAPL has to trade in the high 370s. (That number does not include Apple's new cash position. So a severely discounted stock price for AAPL should actually be higher.)
They simply crushed it. I do not see where a supply issue was evident within this quarter. Maybe it will show in the next quarter, with their guidance of 5.03 vs the street's 5.25.
AAPL just crushed the street's estimates by a over a dollar!
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