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.
“[…] 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.
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