Apple not only beat on earnings and revenue, their year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter.
Randy Hales, President and Chief Executive Officer, said, “Our business performed extremely well across the board during the third quarter. With two of the strongest brands in the mobile lifestyle category – InvisibleShield and mophie – combined with an enhanced operating structure, we’ve created a powerful platform that is generating record revenue and Adjusted EBITDA…”
The sell-off in technology is more about market reversion to the mean than it is indicative of some gloom and doom scenario where technology stocks lead the rest of the market lower. Credit Suisse just released a report to clients where they are neutral to slightly cautious on technology stocks for the next 3 months, Read More »
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