Apple reported its second quarter 2013 results today, with revenue of $43.6 billion and income of $10.09 per share. Analysts had expected revenue of $42.5 billion and income of $10 billion. Apple's guidance had been between $41 and $43 billion.
Apple stock has jumped more than $18 since yesterday, adding $17 billion in stock market capitalization to the company's value in the last 24 hours.
Apple shares are down $7.26 so far today and down about $260 in the past six months.
Investor Warren Buffet, recently the world's richest man, seems to think that Apple stock is going to do just fine.
Since December of last year, Google stock is up 20 percent. Since December of last year, Apple stock is down 20 percent.
The big question, however, is this: even if Apple has a stellar quarter, will it be enough to pull AAPL out of its stock market doldrums?
Sterne Agee analyst Shaw Wu has upped his price target for Apple stock for the second time since the iPhone 5 release. He now believes the stock will hit a stratospheric $840 based on two things: iPhone 5 and iPad mini.