A friend sent us these words of wisdom. The chart below shows the dramatic improvements in Apple's financial health. Inventory is now significantly lower than a year ago. Cash position continues to grow at an incredible rate. Margin is climbing above every major PC box maker.
Profit continues to beat street expectation.
Share holder equity has risen sharply. Apple currently has by far the highest book value relative to its share price in the industry. Federal Reserve lowered interest rates yesterday afternoon. The news triggered a major rally in the broader market. Meanwhile, today is the last day of trading for October options.