On Tuesday the famous iPhone creator Apple announced earnings for its June quarter. The earnings outcome were more than analysts’ expectations, and the company’s profits increased following two straight declining quarters. The stock actually increased by more than 4% in the after-hours trading session while the company also announced a cash dividend of $0.77 per share.
Apple’s guidance was obvious and knocked down analyst expectations, hinting that interest for Apple products is secured for now. Apple CEO Tim Cook told CNBC that “We’re very excited to report a return to growth for the quarter, and it’s a record revenue for Q3 as well, best we’ve ever had.”
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Daily Analysis - 31/07/2019