Apple shares up big!!

Leading blue chip stocks, Apple Inc. released great earnings that have shares soaring $8.29 (2.42%). Tech stocks have led a surge in the market the past two days. After a few disappointing 1st quarter results, technology companies Google, Intel, Apple and others have pushed the Dow near a 3-year high.

Last week results were not as pleasing with Alcoa (AA:NYSE) and Google (GOOG:NYSE). These big companies were disapointing but have benefited from the better week of other companies.

Apple reported $24.57 billion in Q1 revenue. Both revenue and profits grew and have shown that even without Steve Jobs, Apple is still able to innovate its products, cut costs, and increase the bottom line. Comparing this quarter to the same one in 2010, Apple saw a 28% increase in Mac sales, and 113% increase in iPhone sales (thanks in part to the dual network availability).