Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL) Winning The Smart Phone World War And Making Truck Loads of Cash

Apple Inc. (NASDAQ:AAPL) has zipped the mouths of its critics by what is sometimes referred to as an earnings blast. Tracy Brynes on Fox Business gave a summary of these results.

AAPL Apple Store

“[…] Here are the highlights from the earnings report. 39.3 million iPhones sold over the past 13 weeks, that is not including the newer iPhone 6. $42.1 billion in revenue over the past quarter. About $3 billion a week, and looking ahead the company is forecasting even bigger numbers hoping to bring in more than $66.5 billion to the top line […],” informed Brynes.

It just puts one to wonder, what kind of results could be expected from Apple Inc. (NASDAQ:AAPL) in the next quarter when the record number of sales from its newly released phones will trickle or rather pour down heavily in the company’s top line bucket of water.

Another similar consideration that comes to mind is regarding Carl Icahn’s estimates of Apple Inc. (NASDAQ:AAPL), which were widely thought of as ridiculous since they were over $200 a share, which is currently trading at $102.83. The company is not very keen on locking all that exorbitant amounts of cash locked up in its treasure chest either. They are in the midst of an aggressive share buyback program in order to let their shareholders reap some of the benefits from the company’s success.

However, not all products faced the same fate. Sales of Apple Inc. (NASDAQ:AAPL)’s iPad came in a little thin. However, this was already expected and the slight disappointment, if one is forced to use that word, that these sales brought were more than offset by the numbers from Apple’s MAC computers.

“[…] The untold story for Apple Inc. (NASDAQ:AAPL), away from mobile, MAC sales. In the past quarter Apple reported the best sales increase in the personal computing industry, up 21% year to year […],” reported Brynes.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!