Watch: Apple beats Street estimates with strong Q3
Apple reported better than expected earnings for its third fiscal quarter of 2017, raking in $45.4 billion in revenue led by strong iPhone sales of 41 million units and a return to growth for iPad. AppleInsider breaks down the performance in this video.
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Comments
Anyway, I'm happy with Apple's quarterly results and the share gains although they don't look as though they'll last very long. I know many stocks were in the red today, so that might just be a one-day thing. One never can tell how Apple's share price will perform on a day-to-day basis. It will never perform like a FANG stock does. I'm sure the Apple-haterz will be out in force saying how Apple cheated on something or got a free pass this quarter. Whatever. That's just typical Apple-haterz BS. I ignore the anti-Apple chatter and buy and hold and basically Apple stock ownership has turned out just fine for me. Apple still has the highest market cap, very good dividends and highest cash hoard (minus debt). It's not a perfect company but it seems to be performing very well by most fundamental financial standards. Growth isn't spectacular but Apple isn't greedy, so slower growth is to be expected. Growth might come in spurts if Apple can find new areas of revenue but I believe that will take Apple's immense cash hoard to significantly boost revenue growth.