Apple (AAPL.US) announced after the market closed on Thursday that net profit for 3FQ ended June 28 hiked 9% YoY to USD23.434 billion, with EPS at USD1.57, beating market expectations of USD1.43.

iPhone sales during the quarter gained 13% YoY to USD44.58 billion, notably higher than the expected USD40.2 billion. Correspondingly, the stock price spiked 2% in after-hours trading.

By region, revenue in the Americas rose 9% to USD41.198 billion; European market revenue grew 10% to USD24 billion; and the Greater China market picked up, increasing 4% to USD15.37 billion.

CEO Tim Cook stated that the company will immensely ramp up its investment in artificial intelligence, adding that the company remains open to accelerated acquisitions.
~

AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
APPLE (C)	10614	236 (-)	0.052	14.4 X
APPLE (P)	10678	170 (-)	0.067	7.0 X