After the closing bell on Tuesday, Apple (AAPL) released its first quarter financial results – posting the largest quarterly corporate profit ever.
Inside AAPL's Earnings
Apple reported earnings of $18 billion, or $3.06, up 38% from last year. Analysts expected to see EPS of $2.60.
Revenue came in at $74.6 billion, above analysts’ view of $67.69 billion
Largest Quarterly Profit of All Time
Apple reported the largest quarterly corporate profit of all time on Tuesday, which was primarily due to impressive iPhone sales. The company also saw surprising sales in China, which helped boost investor confidence. Going forward, investors will be watching Apple as it unveils the iWatch. Although the earnings report was very positive, there is still risk in the iWatch since it is not a guaranteed success.
Mutual Funds to Watch
Investors interested in AAPL may be interested in the funds listed below. These funds currently have the largest stakes in the company.
|VTSMX||Vanguard Total Stock Market Index||1.69%|
|VFINX||Vanguard 500 Index||1.08%|
The Bottom Line
The funds listed above allow investors to gain exposure to AAPL while remaining diversified. Investors interested in AAPL may also be interested in Microsoft (MSFT) and Google (GOOG).