Apple's (AAPL) Cook: Apple Watch App Count, Sales Remain Strong
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Price: $291.13 -1.52%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +19.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +19.7%
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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.
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