It may not come as a surprise to anyone who waited in line for an iPhone 6, but Apple has once again bested earnings expectations

Jay Soloff

Argonath Financial

It may not come as a surprise to anyone who waited in line for an iPhone 6, but Apple has once again bested earnings expectations. The company generated $42 billion in revenues compared to about $40 billion expected by analysts. Meanwhile, EPS came in considerably higher at $1.42 compared to projections of $1.31 - a 20% year-over-year increase. A whopping 39.3 million iPhones were sold during the quarter (against expectations of 38 million). And perhaps most importantly, next quarter's revenue is forecast at $63.5 to $66.5 billion, with prior projections falling at the very low end of that range. Clearly, the iPhone 6 has been a huge hit. What's more, Apple surprised everyone by selling the most Macs during the quarter than in any other quarter in its history. With new Macs coming out, along with new iPads, next quarter could be even more impressive. (VIEW LINK)


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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...

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