I posted about Apple back on May 3rd. Apple (stock) crushes it Earnings report came out better then expected this afternoon (see below, off WSJ email). Stock needs to rise 7% to hit the $1 trillion company valuation.
Apple’s Revenue, Earnings Top Estimates
Apple delivered its best-ever revenue for the June quarter, typically its weakest period, as demand for high-price iPhones remained resilient and services like app-store sales swelled to all-time highs.
The results for Apple’s fiscal third quarter show how the world’s most valuable company is finding ways to grow amid a contracting global smartphone market that is roiling its rivals.
Total revenue rose 17% to $53.27 billion in the latest period, above Wall Street expectations and near the high end of its own guidance. Profit rose 32% to $11.52 billion, or $2.34 a share, also above analysts’ estimates.