Apple on Monday posted revenue of $58 billion and quarterly net profit of $13.6 billion, for the company’s second fiscal quarter. These results compare to revenue of $45.6 billion and net profit of $10.2 billion in the year-ago quarter.
Apple said the growth was fueled by record second quarter sales of iPhone and Mac and all-time record performance of the App Store.
Apple sold 61.1 million iPhones, 12.6 million iPads and 4.5 million Macs in the quarter. That’s a 40% iPhone increase, 23% decline for iPads, and a 10% Mac increase over the same period last year.
“We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever,” said Tim Cook, Apple’s CEO. “We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch.”
Apple closed at $132.65, up $2.37. In after-hours trading, Apple is at 135.78, up $3.10.
Doomed! 🙂
No one buys an iPhone any more, they are too popular.
Hehe. Nice Yogi-ism.
I’m not sure if I should complain or not because Apple did what it was supposed to do but looking at Apple’s after-hours share performance you’d never know they hit a home run. Wall Street seems to be showing almost no interest in all about what Apple did and that really confuses me. I feel certain if any other company had those types of numbers their share prices would have gone up at least 10%. Apple got next to nada in share price boost from earnings. I can only shake my head in disbelief.
Microsoft did almost nothing and yet went up 10% on earnings and will soon be paying a charge of a few billion dollars on the purchase of Nokia. Things simply didn’t add up in value for Microsoft to go up 10% on earnings but Apple to only go up less than 2%.
Wall Street is made up of a bunch of gambling hucksters. Apple is a sure thing and doesn’t represent a chance for the kind of big payout they look for — similar to the long shot horse in a race. Sure, that number one horse will bring in big bucks, but if you can prop up and then win on the old nag — well, then you’re a bazillionaire and a hero to other hucksters. I oversimplify, but the gist is there.
Makes me wanna scream.. The stock is now DOWN to about $130 which means ANOTHER record quarter goes un-rewarded from the ‘street experts’,,, AKA – KLOWNS.