Shares of Apple Inc. traded higher in the after hours market, as investors voted with their dollars on the company's second quarter results. $AAPL was trading at $134.40 per share, a gain of $1.75 (+1.32 percent), as of this writing.
The stock ended the regular session at $132.65, a gain of $2.37 (+1.82 percent), on very heavy volume of 93.3 million shares trading hands.
Apple announced record 2nd quarter revenues of US$58 billion, with earnings of $13.6 billion, or $2.33 earnings per share (EPS). This included record iPhone sales of 61.2 million units, and record Mac sales of 4.6 million units. Apple also increased its shareholder return program to $200 billion.
Headlines in the first 90 minutes after Apple's announcement included:
- Here’s how much Apple earns more than everyone else - Marketwatch
- Apple says watch demand exceeding supply - Marketwatch
- Apple earnings would have been even better if it weren't for the pesky strong dollar - Marketwatch
- Apple’s Profit and Revenue Surge, as iPhone Sales Jump and China Business Rises - New York Times
- Apple boosts buybacks, earnings beat on strong iPhone sales - CNBC
- $194B! Apple's cash pile hits record - USA Today
Its hard to remember a time when sentiment for Apple and its products has ever been higher.
*In the interest of full disclosure, the author holds a tiny, almost insignificant share in AAPL stock that was not an influence in the creation of this article.