AAPL Tops $400 in After Hours Trading

Apple tops $400Apple’s stock jumped up over the US$400 mark for the first time in after hours trading on Tuesday during the company’s third fiscal quarter earnings report. The jump followed Apple’s announcement that it had yet another record breaking report, bringing in US$28.57 billion in revenue.

The company sold 20.34 million iPhones, 9.25 million iPads, and 3.95 million Macs during the quarter. CFO Peter Oppenheimer also confirmed that OS X 10.7, or Lion, will be available on Wednesday.

Apple reported a gross margin at 41.7 percent, and earnings of $7.31 billion for the quarter.

Apple closed on Tuesday at $376.85 with a market cap at $348.49 billion.

Apple’s stock is currently sitting at $399.14 in after hours trading, up 22.29 (5.91%).