Apple *Yawn* Posts Another Record Quarter
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 1 August 2018
⏱️ 17 minutes
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Summary
Apple inches closer to a $1 trillion market cap with record sales in the 3rd quarter. Chief Investment Officer Andy Cross analyzes the latest results from the world’s largest fruit company. Plus, we discuss Baidu’s drop (despite a strong underlying business) and SodaStream’s big pop.
Transcript
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| 0:00.0 | It's Wednesday, August 1st. |
| 0:03.6 | Welcome to Market Foolery. |
| 0:04.6 | I'm Chris Hill joining me in studio today. |
| 0:06.8 | Chief Investment Officer, Andy Cross. |
| 0:09.6 | Thanks for being here. |
| 0:10.3 | Hey, Chris, it's a great day to be here. |
| 0:12.4 | Great day to talk stocks. It talks it is particularly if you're a shareholder of Apple |
| 0:17.6 | And we'll we'll talk by you. We'll get into so it's also a really good day if you're a soda stream shareholder. |
| 0:24.2 | But let's start with the fruit company. |
| 0:26.7 | Apple shares up 5% this morning. |
| 0:31.0 | Third quarter revenue, $53 billion. |
| 0:35.0 | And of course that's a big impressive number. |
| 0:37.2 | More impressive to me is this is the fourth consecutive quarter |
| 0:41.7 | that they've grown revenue by double digits. |
| 0:44.0 | Yeah, and it's the seventh consecutive quarter that it's been accelerating Chris |
| 0:47.7 | So you mentioned to that's a lot of fruit. They are selling a lot of fruit |
| 0:52.4 | And they're charging more for that fruit too. |
| 0:54.8 | So there's been a lot of, I know a lot of just concerns and thinking about how many |
| 1:00.4 | actual units of IFLans, which is really their big revenue driver, they will sell |
| 1:04.8 | quarter to quarter, and that was basically flat to down, I think a little bit this quarter. |
| 1:08.8 | But what was interesting is that the average selling price continues to inch up as they offer the iPhone 10 and |
| 1:16.7 | the average selling price was up 20%. |
... |
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