Financial, Technology - Monday, October 19, 2009 22:22 - 0 Comments

Apple, Inc. AAPL Soars On Earnings Texas Instruments Inc TXN Follows Suit

Companies Apple, Inc. (AAPL) / Texas Instruments Inc. (TXN)

People are talking, and it’s not just on the iPhone, though sales of that modern technological wonder causing Apple, Inc. stock (AAPL) to soar. And they aren’t alone, since Apple is a technological giant, those who run in the same company also profit just by association, in this case Texas Instruments After Hours: 24.19 Up 0.67 (2.85%) 5:51pm ET

It’s all about earnings and Apple reports a 46% increase in earnings, getting a boost from back-to-school demand, which pushed Mac sales past the 3-million-unit mark during the quarter. Shares surge above $200 in late trading.

While that is great for Apple, it also sends a signal to investors that things might not be as bad as they seem and investing might actually be a good thing. Based on that “school of thought” the Dow Jones industrial average rose 96 points, likewise the Standard & Poor’s 500 index rose but ended just shy of 1,100, having earlier topped that number.

Burt White, chief investment officer at LPL Financial in Boston, noted that three of every four companies have topped analysts’ expectations for earnings in the July-September quarter. While most have yet to report, the early results are a sign that companies are holding up better than many had predicted.

“The recovery is moving faster than analysts can sharpen their pencils and revise their estimates upward,” he said.

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About Apple Inc.

Apple Inc. and its wholly owned subsidiaries design, manufacture, and market personal computers, portable digital music players, and mobile communication devices, and sell various related software, services, peripherals, and networking solutions. The company sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, resellers, and value-added resellers. In addition, it sells various third-party Macintosh, iPod, and iPhone compatible products, including application software, printers, storage devices, speakers, headphones, and various other accessories and peripherals through its online and retail stores, and digital content through the iTunes Store.

About Texas Instruments Inc.

Texas Instruments Incorporated engages in the design and sale of semiconductors to electronics designers and manufacturers worldwide. It operates in four segments: Analog, Embedded Processing, Wireless, and Other. The Analog segment offers high-performance analog products comprising standard analog semiconductors, such as amplifiers, data converters, low-power radio frequency devices, and interface and power management semiconductors; and high-volume analog, and standard linear and logic products. The Embedded Processing segment includes DSPs that perform mathematical computations instantaneously to process and improve digital data; and microcontrollers, which are designed to control a set of specific tasks for electronic equipment.

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