Apple’s Strong Quarter, Verizon’s BlackBerry Exclusive, and 2 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): On Monday, Apple reported earnings per share of $8.26, beating by 33 cents, while revenues of $37.47 billion also beat, by $630 million. Shares are trading around flat despite positive analyst chatter and a round of price target increases. The company moved 33.8 million iPhones, 14.1 million iPads, and 4.6 million Macs during the period. The gross margin fell at 37 percent, which although it dropped 300 bps year-over-year, came at the high end of a guidance range of 36-37 percent. The R&D spend grew 29 percent to $1.17 billion year-on-year, as SG&A saw a 5 percent gain to $2.67 billion.