Should I buy Apple stock after earnings. Is apple a good stock to buy. Should i be buying Apple stock and investing for the long term with Apple stock. Apple and Walmart are the only two stocks that are expected to make money no matter what the effect of economy on sales and earnings. Lets take a look. Should I buy Apple stock on earnings.
Apple stock earnings for its fiscal third quarter was a net profit of 1,230 million dollars, or $ 1.35 per share and revenues of 8340 million thanks to strong demand for Mac computers and iPhone phones . During the same period last year, the company earned U.S. $ 1,070 million, or $ 1.19 per share, while revenue was 7460 million. The results presented by Apple stock beat the forecasts of analysts by Thomson Reuters, who estimated a profit of $ 1.17 per share and revenues of 8160 million.
"We manufacture the most innovative products in our history and our customers are responding," said Steve Jobs, chief executive of Apple, which recently returned to his post after six months of sick leave.
For his part, Peter Oppenheimer, head of the firm's finances, said that sales have been a record quarter that does not include the Christmas campaign and predicted that over the next three months billing shall be between the 8700 and 8900 million dollars. Is apple a good buy. should I buy stock in apple.
Between April and June, Apple distributed 5.2 million phones iPhone, representing a 626% increase on the same three months last year. Apple has started to sell iPhone 3GS, the latest version of that phone, last June 19.
Sales of Macintosh computers rose by 4% their share to reach 2.6 million units, while the iPod digital player fell by 7% to 10.2 million units. should i buy Apple stock after earnings results for the long term.
