APPLE and FACEBOOK Earnings Update
APPLE and FACEBOOK Earnings Update Today Apple Inc. came with its Q2 earning. After a long time AAPL stock was up $40+ today in the after hour trading ! First thing first, Apple's sales did not fall rather it grew this quarter. That's good news! Apple is also splitting its stock 7 -for-1 on record date of June 2 and will be available to all shareholders on June 9, 2014 . In addition, it also approved another $30 billion in share buybacks till the end of 2015 (Total of $130 Billion) . Currently it has about $150 billion in CASH out of which about $18 Billion in US and remaining abroad. It sold almost 44 million iPhones. AAPL - Q2 Key Earning Highlights: · Sales: Revenue came in $45.64 billion that beat Wall Street expectations of $43.54 billion, increase of 4.6%. · Net Profit: Earnings per share (EPS) also beat handily at $11.62, above $10.18 estimated by Wall Street. · ...