One of the best things about fall in upstate New York is apple season! Granny Smith, Red Delicious, Honey Crisp, Gala - you name it, we have it. However, there is a different kind of apple making headlines. Apple Inc. has positioned itself not only as a trend setter in the technology industry but has also beaten sales and revenue predictions with its last earnings report.
From its recent 4th quarter results, there are five spectacular numbers to review:
39.3 million - number of iPhones sold beating the 36 million projected
$1.42- earnings per share 12 cents beyond analyst projections
$42.1 billion- revenue for the 4th quarter...$2.1 billion ahead of estimated
12/25/14- the date Apple's CEO, Tim Cook, says will signify the strongest product lineup ever
$66.5 billion- upper end of Apple's 1st quarter revenue projections
What does this mean for you? It means that during this time of international unrest and even some bumpy market conditions (Ebola, Russia, ISIS, etc.). The place to find growth through investing is at home. Investing in companies that you know, whose products you use, and who have a history of good management are who you should own a piece of.
Today, the best thing you can do is work with your advisor, gain perspective, and invest in companies that will stand behind their shareholders.
Caroline Hill, Financial Advisor
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).