We shouldn’t be surprised anymore. It seems like almost every quarter, some report appears that calls into question the ability of Apple to keep on a roll with huge revenue numbers, massive profits, a big pile of cash, and yes, big iPhone sales. And almost every quarter, Apple bats away those reports and reveals numbers that make Wall Street lose its mind.
Well, it happened again. Amid numerous reports that Apple was slashing its purchases of components it uses in the iPhone X, Apple announced... a record financial quarter, with $61.1 billion in revenue. iPhone signs were pretty good, and other parts of the business were even better. Since this federally-mandated disclosure of data (and the accompanying hour-long conference call that Apple CEO Tim Cook and CFO Luca Maestri have with select financial analysts) offers one of our best views into how Apple’s business is doing, it’s worth looking at the most interesting things to come out of Tuesday’s results.
