Revenue $46 billion and net income of $13.1 billion (profits of $144 million per day this quarter)
That said, the stock ain’t doing much in the after-hours as the company made no announcement regarding it’s cash balance (which at 97+ billion dollars is more than the MARKET CAPS of 474 S&P 500 companies, my friends at Bespoke tweeted). Also, guidance was pretty lackluster – but we all know that’s the game. You can’t beat by this magnitude if you over-promise.
Apple is insanity.
Full Disclosure: Long but not nearly enough probably.
I’m a New York City-based financial advisor at Ritholtz Wealth Management LLC. I help people invest and manage portfolios for them. For disclosure information please see here.
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