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Apple rises as earnings and iPhone sales smash expectations

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Apple easily beat expectations on revenue and earnings in its most recent report. Here's what to look for now, according to 3 experts.

However, Apple's range of guidance for next quarter is wider than typical, a change that Cook attributed to uncertainty caused by the deadly coronavirus, which has shut down travel in parts of China.

"As you can see from the range, anticipates some level of issue there. Otherwise, we would not have a $4 billion range," Cook said. Cook said that Apple's "Greater China" segment, which also includes Taiwan and Hong Kong, had returned to growth in the quarter, which ended in December. Investors in recent months have turned more attention on Apple's "Other Products" category, which includes Apple Watch and AirPods, two products that Apple said it could not make enough of during the quarter. Cook said that there is still more demand than supply for the $199 Apple Watch Series 3 and the $249 AirPods Pro.

 

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Earnings YOY is down. EPS is only up because of Fed-induced share buybacks. Nothing to be proud of as an Apple investor.

It's great that they keep the price of their phone so high so they can make a huge profit

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