Wednesday, May 2, 2018: AAPL Surges on Earnings, NASDAQ Up 8.75, DOW Down 48.08







Worries Cease As Apple Earning’s Stellar

Let’s face it. We must’ve all been worrying about Apple’s earnings results. As a long time investor, I know I was!

One factor being the iPhone X’s success despite it’s 1K price tag! For some odd reason, Apple is held to a higher standard of success, and Wall Street typically expects a lot out of Apple. No matter how successful Apple is, the company is always scrutinized simply because Apple isn’t Microsoft (or Windows).

See also: Apple Earnings: The iPhone X Is Doing Just Fine

But once again, Apple pulled through and posted stellar earnings, revenue and sales.

See the quick stats below…

finviz dynamic chart for  AAPL

Apple’s Earnings In A Nutshell

Total iPhone sales rose 3% and Apple sold a bunch of iPhone X’s.

52.2 million iPhones sold in the first quarter of 2018.

Revenue was $61 billion for the quarter, up 16% from the previous year.

Revenue growth in Apple’s various services also grew, like Apple’s streaming music service and iCloud services.

According to CEO Tim Cook, the iPhone X is the company’s biggest selling iPhone right now, so all the worries of a super expensive smartphone are all but gone.

Apple stock is surging this morning!

Portfolio Gainers

Apple, Inc. (AAPL)
finviz dynamic chart for  AAPL
Steel Dynamics (STLD)
finviz dynamic chart for  STLD
Royal Dutch Shell (RDS-B)
finviz dynamic chart for  RDS-B
Caterpillar, Inc. (CAT)
finviz dynamic chart for  CAT

Disclaimer: The content provided here is for information and entertainment purposes only. It’s not intended as an offer or solicitation to purchase any investment. And this material should not be taken as investment advice. Investing in equities is subject to extreme volatility.
Trade at your own risk.

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Carlos Rull

Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and Amazon.com.

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