Why Apple -- and Its Suppliers -- Are Still a Buy After Tonight's Blowout Earnings
Apple released tonight what Motley Fool senior technology analyst Eric Bleeker describes as "one of the most staggeringly impressive quarters in the history of American industry." The company just produced higher profits -- $13 billion -- than the $10 billion in sales Google produced all of last quarter.
Still, the question that's on most investor's minds has to be "how much bigger can Apple get?" Eric Bleeker believes that the momentum is set to keep rolling. Apple has used growth in China in previous quarters to produce mind-boggling growth rates, but last quarter it managed to turn the tide on Android and execute in the Americas like never before. With roll-outs to China and many other emerging markets just hitting next quarter, Apple's poised for a follow-up blowout. That's great news for Apple, and points to continuing success for key suppliers like Cirrus Logic, which should be soaring tomorrow as well.
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At the time this article was published Eric Bleeker and Jeremy Phillips own shares of Cirrus Logic. The Motley Fool owns shares of Cirrus Logic, TriQuint Semiconductor, Apple, and Google.Motley Fool newsletter serviceshave recommended buying shares of Apple and Google.Motley Fool newsletter serviceshave recommended creating a bull call spread position in Apple. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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