Tag AAPL

March quarter results at Action Alerts PLUS holding Apple topped revenue and EPS expectations led by stronger than expected iPhone results, which offset modest misses relative to consensus forecasts for its Mac, iPad, and Services businesses. Unlike the reports we have seen from Samsung, Qualcomm and others, Apple's iPhone revenue rose to $51.3 billion in the March quarter, besting the $49.2 billion consensus, and up from $50.57 billion last year. As expected, Apple benefitted from the reopening of China from both a demand and production perspective and shared it sees the iPhone business flattish in the current quarter...

Here's how I'm playing the pop in a stock that's been a friend to my portfolio for a long time...

When Apple Inc surprised investors this week with a rise in iPhone sales despite a slump in the global smartphone market, Chief Executive Tim Cook credited emerging markets like India where the company is luring away Android phone users. Cook is betting that those markets will provide more opportunities for growth, with their youthful populations and relatively few iPhones. Shares of Apple rose more than 4% on Friday, putting the world's most valuable company on track for gains of around $120 billion in market capitalization...

Wall Street's main indexes gained on Friday as Apple's upbeat results underscored resilience in corporate earnings, while a stronger-than-expected jobs report eased fears of an imminent economic downturn. Apple Inc gained 4.4% on better-than-expected results, helped by strong iPhone sales and notable inroads in India and other newer markets, fuelling a near 2% advance in technology stocks. Investors appeared to take in stride data showing U.S. employers boosted hiring in April while raising wages, pointing to sustained labor market strength that could prompt the Federal Reserve to keep interest rates higher for some time...