Finance, Internet

Stock in News: The Importance of iPhone Sales for Apple (NASDAQ AAPL) Stock

Apple (NASDAQ AAPL) stock remains a top performing stock in the market. Perhaps it is one of the best buy for this 2015 year. The stock has climbed considerably from the feeble $90-95 levels it was back in September. It is now trading at a relative peak of around $125. Moreover, the stock may well keep on rising if the analysts are to be believed. Much of this rise can be attributed to the success which Apple got from iPhone 6.

Here in this article, we will take a closer look at the successful iPhone 6 product. It would be interesting to see how the stock has reacted from the product sales and how it may react in the coming weeks. Apple is still selling the phone at a good rate and there is much hope in the market for the stock and the product.

Apple introduced the iPhone 6 product back in September 2014. It has been around 8 months and iPhone 6 is clearly a winner product. It has attracted a lot of users from over the world. The recent quarterly reports from Apple suggest just that. Here we take a closer look.

Apple Inc (NASDAQ AAPL): iPhone 6

Apple recently declared its second quarterly report, where it stated the revenue to be $58.01 Billion which is way more than the estimated $56.03 Billion. There is a 27% rise in the revenues, something which was surprisingly expected.

Apple has made much of its revenue from the iPhone series. In fact around 70% of Apple’s revenue comes straight from the iPhone series. Not only does Apple make most of its profits from iPhone series, the series also dominates the market, making it a double whammy for Apple.

Apple Inc financial news (NASDAQ AAPL)

Apple (NASDAQ AAPL) remains a great buy in the current market conditions. The stock is already on a high at the levels of $125, but looking at the current market conditions the stock may well reach the levels of $134. It would be interesting to see how the stock performs in the coming weeks. Stay tuned for updates.

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