Apple Beats Q2 Earnings: I’m Staying Long (Rating Downgrade)

Summary:

  • Apple Inc. just released its fiscal second quarter earnings.
  • The release beat on revenue as well as on earnings per share.
  • I was expecting good things from Apple’s Q2 release because I thought the Foxconn slowdown stories were overblown.
  • In the end, Apple delivered a satisfactory, but not amazing, earnings release.
  • In this article, I explain why I keep holding Apple stock after its reasonably good Q2 earnings release.

Apple Holds Launch Event For New Products At Its Headquarters

Justin Sullivan

Apple Inc. (NASDAQ:AAPL) just released its fiscal second quarter earnings, beating analyst estimates on revenue as well as on EPS. The release was highly anticipated. In the weeks before it came out, Apple was plagued by


Analyst’s Disclosure: I/we have a beneficial long position in the shares of AAPL, GOOG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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