Apple (AAPL) beat earnings expectations, although the story is really about what's coming next

Jay Soloff

Argonath Financial

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)


Jay Soloff
Research Analyst
Argonath Financial

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...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter