This week we have known the Apple's financial results for the quarter, improving on initial forecasts, sending the company's share price soaring. Analysts' estimates indicated a low demand for the iPhone X, instead, these figures together with the rising billing of Apple services, have catapulted the share value above 10% in a week.
These figures contradict Morgan Stanley's recommendations, which indicated a slowdown in Apple's sales, which caused them to fall to $ 162.
Apple stock closed yesterday at $ 183,83, which means being close to the maximum of $ 184,24, having exceeded the maximum of the calendar year that was at $ 181,72 on March 12.
As we anticipated on this page, Apple reported revenue of $ 61.100 billion in revenue. But the number that tips the balance for or against Apple is the sale of iPhones. 52.2 Million iPhones have been sold in this period. The ever-growing party of services, presented a revenue growth of 31%.
The alarms had gone off when the news of the request for reduction of iPhones to phone providers. Perhaps the company's forecast would have been too optimistic and should be adjusted.
One of the most important and prestigious investors, Warren Buffett, would have been right with Apple's strategy, because in the last quarter it has made important purchases of the stock. We heard the news from CNBC, where the tycoon announced that he had bought 75 million shares of Apple and it is estimated that he owns around 240 million.
In Buffett's words, Apple earns more than double that of the second most profitable company in the United States, despite having few products in its catalog. Buffet does not value guessing the number of iPhones that are sold, it is not relevant. It looks at the general evolution of companies.
In the words of Tim Cook, Apple CEO, is delighted that investments like Buffett are supporting the company.