Holy Mackerel -- AAPL Shares Up 5% After-Hours; Up Over $10; Trading At $211 -- April 30, 2019

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WSJ link here; and, here.

Apple beats expectations, 2Q19 results. Link here; and, here; and, here; and, here;

• earnings:
• expectations: $2.37
• actual: $2.46
• revenue:
• expectations: $57.49
• actual: $58

• Apple's services making more money than ever
• just wait until the Apple Watch measures blood glucose non-invasively (no need for needle) 
• valuation back toward $1 trillion
• cash hoard now at $225.4 billion

Can't wait to read the snarky comments over at Macrumors.

• $11.56 billion profit on $58 billion revenue as services revenue hits all-time high
• gross margins: 37.6% vs 38.3% one year ago
• international sales accounting for 61% of revenue

Increased its dividend to 77 cents/share, up from 73 cents/share.

Also authorized $75 billion to re-purchase more AAPL shares.

This is the second quarter since Apple changed the way it reports its results, with the company no longer providing unit sales data for iPhone, iPad, and Mac. As a result, Apple is only providing revenue figures for its various segments, leaving analysts to estimate unit sales based on their own calculations.

Twenty comments so far but by tomorrow there will be a thousand. Comments:

First comment:

$58 billion was on the higher end of their guidance; beat again. 

First snarky comment:

So right in the middle of their guidance range of $55 to $59 billion. Year over year of 5% decline. Looks like services aren't ramping as quickly as hardware is dropping. 

Great comment:

Services are double the revenue of the Mac. Yet, we still have people here telling them to ditch services and focus on the Mac ... to other forms of media, shows that the future is not just hardware anymore.