Apple (AAPL) beat earnings expectations, although the story is really about what's coming next
Apple (AAPL) beat earnings expectations, although the story is really about what's coming next. AAPL's earnings came in at $1.28 per share compared to the $1.23 expected. Revenues came in slightly lower than projected at $37.4 billion versus $38 billion. Profit growth was fueled by the sale of 35.2 million iPhones. The growth was most noticeable in BRIC countries, where sales climbed by 55%. Meanwhile, iPad sales dropped 9% year-over-year as global tablet demand seems to be fading. However, ultimately this quarter just doesn't mean that much. Investors are laser-focused on what Apple will be bring to the table next, including the iPhone 6 and the iWatch. The next iPhone will likely come in two versions - one with the largest screen yet. Plus, the iWatch could finally push wearables to the forefront. Bottom line, next quarter will be bigger. (VIEW LINK)
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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