All signs point to another big holiday quarter from Apple. Citi analyst Jim Suva argued in a post-earnings note to clients that investors are not fully accounting for changes in behavior from wireless carriers that are allowing smartphone users to upgrade devices sooner than the usual two-year cycle, "creating an environment of device acceleration for Apple."
Shares of Apple, have risen a bit more than 6% since the earnings release, hitting a fresh split-adjusted high of $106.25 Tuesday morning.
The annotated excerpt from Apple's conference call transcript below comes from our friends at Genius. If you want to share your thoughts on Apple's latest blowout quarter, you can add to the conversation on the earnings call here.