Apple blew away earnings expectations. In addition to strong mac and iPhone sales numbers I wonder how much the strong GAAP numbers come from the fact that this is the first quarter that has 2 years worth of iPhone sales "subscripting" into it. Their non-GAAP numbers were absurd!
$2.85 billion in adjusted non-GAAP earnings translates into $3.18 per share, and this is in the non-holiday quarter. If the seasonal bump persists, they could be hitting $4/share non-GAAP next quarter. This could lead to fiscal year 2010 EPS of around $12 or even $13. No analysts have estimates that high right now, I bet they'll continue to play catch up.
Above is Yahoo's recent timeline of average analyst GAAP estimates. Apple beat today's GAAP estimate by $0.40, at $1.82.
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