Apple Stock News
For the latest Apple Stock News, AAPL closed at $102.95 on Wednesday, July 27th, an increase of $6.28 or 6.50% from Apple’s previous closing.
(Image Source: Google Finance)
Analysts have been making predictions for weeks about what we could expect to find in Apple’s third quarter earning reports and now we have a realistic picture of what’s going on. On Tuesday July 26, Apple released its Q3 2016 Earnings and the company surprised the world with higher than expected earnings, although its profit margin did decrease. In the day following the release of the report, Apple’s stock (AAPL) shot up experienced significant growth of 6.50%.
CEO Tim Cook has a very optimistic outlook when it comes to opening up retail stores in India. According to Cook, “India is now one of our fastest growing markets. In the first three quarters of this fiscal year, our iPhone sales in India were up 51 per cent year-on-year.”
Some exciting news in the Apple world is that Apple sold its billionth iPhone this week! This triumphant moment comes 9 years after the first iPhone was released back in 2007. One thing to note is the record number of people who switched from Android to iPhone during the third quarter of 2016.