Scalper1 News
Apple (AAPL) stock rallied Wednesday following the company’s Q3 earnings report late Tuesday that had some positive surprises but also some disappointments. It’s typically the weakest quarter for Apple (AAPL) and often a transitional one, since the market is generally focused on new products to be unveiled in the fall. Apple reported stronger-than-expected earnings growth for the June quarter, but iPhone and iPad sales lagged analyst estimates as consumers and investors look ahead. Some takeaways from the Apple report. Hail the iPhone 6: Apple needs the iPhone 6. Apple sold 35.2 million iPhones in Q3, up 13% but about 1 million short of consensus estimates. Apple is expected to introduce a 4.7-inch and 5.5-inch model this fall. Its current 4-inch generation has seen slowing growth, and Apple has lost ground Scalper1 News
Scalper1 News