Talking with Cramer
For the third straight spring, the Apple CEO is appearing on the popular show and talk with host Jim Cramer about the company and its stock.
In the most recent quarter, Apple recorded revenue of $52.9 billion and a profit of $11 billion. To no surprise, iPhone sales once again compromised the largest portion of Apple’s revenue. Apple sold 50.8 million handsets during the quarter. That’s down slightly from the 51.1 million sold in the second quarter of FY 2016.
While iPad sales continued to slide, the Mac business was up slightly. Both services and the “other products” section that includes the Apple Watch saw a nice increase in revenue compared to the quarter in 2016.
During the call, Cook noted that Apple Watch sales nearly doubled compared to the same quarter in 2016.
Cramer, in an appearance earlier today, said that Main Street investors shouldn’t listen to Wall Street regarding Apple stock.
We’ll definitely let you know if Cook announces any major news during the appearance.