Tuesday, January 27, 2015

Apple posts blowout quarter

Saving $100 per month on gasoline?  Sign up for the iPhone6...  story at CNBC.

The company sold almost 9 million more iPhones than expected, while its cash pile ballooned to the point that it could buy about 480 of the S&P 500 companies outright. 
Apple also revealed during a conference call with analysts that it plans to ship its new Apple Watch wearable device in April of this year.
Good bye revenues to the oil people, hello revenues to the cell phone people.  Amazing.


A said...

"could buy about 480 of the S&P 500 companies outright."

why don't they?

Malmo's Ghost said...

I own an IPhone primarily for the Itunes and so do millions of others. That is a business model that will go on for years. Boom!

Ryan Harris said...

China +70%
Singapore +100%
Brazil +100%
US (Not reported), gained estimated 2.3% of smart phone market share though)

I'm the lone person in the country that bought a nexus this month instead of an iphone 6. =)

Crazy amount of money. Largest profit by a company in history. EVER. Massive.

Malmo's Ghost said...

Karl Denninger has been shorting the stock for years. LOL.