Apple Inc. (NASDAQ:AAPL) Reports Strong iPhone Sales, Stock Falls
Apple’s (NASDAQ:AAPL) latest financial report shows the iPhone is the Key engine of the company’s success. Value of the Apple Watch not clear.
The California tech giant turned in another strong performance Tuesday, thanks to sales of its signature Smartphone. Apple said Tuesday that it sold more than 47.5-M i Phones during the 3 months ending in June, or 35% more than a year ago.
Apple’s shares fell 7.4% to $121.10 in extended trading as of 4:46 p New York time.
Apple was less forthcoming about the watch, which some analysts and investors see as an important indicator of the company’s ability to produce successful new products. Top executives are standing by their decision not to release sales figures for the company’s new Smartwatch, saying the information could be used by competitors.
But CFO Luca Maestri said that revenue from the watch amounted to over that $952-M increase. He said the category also includes revenue from iPods and accessories, which saw declining sales in the Quarter.
| Symbol | Last Trade | Date | Change | Open | High | Low | Volume |
| NASDAQ:AAPL | 131 | 21 July 2015 | -1.07 | 132.85 | 132.92 | 130.32 | 44,155,316 |
| HeffX-LTN Analysis for AAPL: | Overall | Short | Intermediate | Long |
| Neutral (0.17) | Neutral (0.15) | Neutral (0.24) | Neutral (0.14) |
Stay tuned…
HeffX-LTN
Paul Ebeling
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