Educational purpose

What the Street missed in earnings at Apple and Amazon — and where shares go next

In one quarter — one off-cycle quarter that didn’t feature a new iPhone — Apple

(AAPL) delivered a whopping $81.8 billion in sales. That was despite a 4% currency headwind from all the new business coming out of Indonesia, India, the Philippines, Mexico and Turkey. Services revenue is gigantic at $21 billion, up 8% over last year. Gross margins of 44.5% is a record for the June quarter. And most important: There is an installed base of 2 billion devices. That means there’s a huge amount of iPhones, wearables, iPads and Macs to sell when each product is revamped.

#BTC

#Apple

#Education