Apple's (AAPL) Cook: Apple Watch App Count, Sales Remain Strong
Get Alerts AAPL Hot Sheet
Price: $166.90 +0.64%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
Join SI Premium – FREE
Apple (Nasdaq: AAPL) is positive Monday amid commentary from CEO Tim Cook on the Chinese consumer.
Speaking in a recent interview with the Chinese-language version of Bloomberg, Cook said the company takes Chinese tastes into consideration when designing products and selecting a color palette.
Cook also noted that the Apple Watch is doing very well in terms of sales and there's already over 3,500 apps for the device. That compares to 500 for the 2008 iPhone and 1,000 for the first iPad.
China accounted for nearly 30 percent of Apple's revenue in the most recent quarter.
Shares of Apple are up 1 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- Apple (AAPL) option IV into events
- Apple announces event on May 7 amid reports of new iPad model launches
Create E-mail Alert Related Categories
Insiders' Blog, Management CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!