Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Apple Earnings Push Shares Higher

Details

  • Description

    FBN’s Shibani Joshi breaks down the earnings report and sales figures from the tech giant.

  • Duration 1:45
  • Date

Clips

Also in this playlist...

Technology Sector

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Apple shares are soaring up the company beat earnings expectations.

And increases cash on hand to a staggering amounts not judge you cover this story where it's not how much cash we talk about talking jasager numbers all across -- so much to be impressed by an -- most recent quarterly report in terms of the number of dollars and it's sitting on.

Cash in nagged cash equivalents it increased its number -- about twelve.

Billion box in the last quarter bringing its -- -- to a 110 billion dollars if you -- -- break that twelve billion doubt dollars down into.

A bunch of different ways over ninety days accompany accumulated something like 161000.

Dollars a -- get even more impressive though.

He's then number of devices at the company sold the iPhone is really the most impressive number because that's everybody what everyone was paying attention to.

35 -- million iphones sold that's an 88%.

Increase year over year ipads just under twelve million a little bit of the disappointment -- -- -- being a little bit dash -- there.

I -- continuing to show that people are buying iPods actually buying other products as seven point seven million dollars.

But what I think is most impressive about this sad quarterly report -- day in and -- it shows the importance of Asia.

The company's side its Asian sales doubled from the year ago period China sales.

Of the -- -- -- were up five times from -- quarter ago period.

And in China -- just in China alone in the last quarter it generated seven point nine billion dollars.

In sales you know this company to be an American company it's headquartered here.

But what the company does is sell its products abroad and that's what it's doing and that's how it is keeping its numbers slowed to say that that and they thought in in in China thank you -- to body Joshi --

Load More