Apple (AAPL) Could Benefit from Rising Phone Upgrade Rates, Says BTIG

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Apple, Inc. (AAPL) Tops Q2 EPS by $1.44; Announces 7-for-1 Stock Split

April 23, 2014 4:31 PM EDT

(Updated - April 23, 2014 4:35 PM EDT)

Apple, Inc. (NASDAQ: AAPL) reported Q2 EPS of $11.62, $1.44 better than the analyst estimate of $10.18. Revenue for the quarter came in at $45.6 billion versus the consensus estimate of $43.53 billion.

Apples sees Q3 revenue between $36 billion and $38 billion, versus the consensus of $37.87 billion. They see gross margin between 37 percent and 38 percent.

Were very proud of our quarterly... More