Apple Earnings Results
Nothing compares to the excitement preceding earnings results by the most innovative tech company, Apple (AAPL). The biggest company by Market cap, and also one of the most widely followed stocks, Apple Inc. announced its earnings yesterday evening for the quarter ending June 30th 2013. The good news was, the sales of iPhones saw a 20% increase to 31.2 million units; however, the sales of iPads and Macs fell by 14% and 5% respectively. The revenues remained stagnant on a YoY basis. The earnings per share of $7.47 was just above the estimate of $7.31. Probably the investors feel that the results are not as bad as analysts had predicted it to be; Apple stock is trading 4% up in pre-market trading.
Source: Apple EPS chart by Amigobulls
After paying our due respects to Apple, we now move on to our daily internet roundup.