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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 200.32

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3:59 PM EST

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From: Sam

5/1/2018 4:53:13 PM

of 4828

Some clarity from Apple. Apparently, all the doom and gloom about Apple was ... BS. What a surprise. Apple sharply up AH, as are Apple suppliers as their guidance exceeds "expectations". Both WDC and MU are up as well, although not nearly as much Apple. Also some hard hit suppliers like CRUS, SWKS, QRVO, AVGO....

Apple Beats Q2 Expectations; OKs $100 Bln Stock Buyback, Boosts Dividend - up 4% After-Hours
MT NEWSWIRES 4:35 PM ET 5/1/2018

Symbol Last Price Change

AAPL	169.1	+3.84 (+2.32%)
QUOTES AS OF 04:00:00 PM ET 05/01/2018

04:35 PM EDT, 05/01/2018 (MT Newswires) -- Apple(AAPL) reported Q2 revenue of $61.1 billion, up 16% year-over-year and better than the analyst consensus of $60.9 billion on Capital IQ. Earnings were $2.73 per share, up 30% over year ago levels and ahead of the Street view of $2.67 per share.

The company also approved a $100 billion stock buyback program and boosted its dividend by 16% to $0.73 per share.

For Q3, Apple(AAPL) is targeting revenue in the range of $51.5 to $53.5 billion, vs. expectations of $51.5 billion.

For Q2, Apple(AAPL) reported 52.2 million iPhones were sold, up from 50.7 million in the year ago quarter but below expectations for 53 million units. iPad sales were 9.1 million, up from 8.2 million a year ago and in line with expectations. Mac sales were 4 million units a decline from 4.19 million unites last year but still matching the Street view.

Price: 176.12, Change: +7.02, Percent Change: +4.1

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