After the closing bell on Monday, Apple released its second quarter financial results. Here’s what the results mean for mutual fund investors.
Inside AAPL's Results
The company reported earnings of $13.6 billion, or $2.33 per share, up 33% from $10.2 billion, or $1.66 per share, a year ago. Analysts expected to see EPS of $2.06.
Revenue increased 27% to $58.01 billion from $45.65 billion in the year prior. Analysts expected to see sales of $56.06 billion.
Revenue Led By iPhone
Apple’s results surged during the quarter due to strong results for the iPhone. The company sold over 60 million iPhones during the quarter, a 40% increase from last year. However, this growth is not similar among other products. iPad sales have continued to decline over the last few years.
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||1.76%|
|VFINX||Vanguard 500 Index||1.12%|
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).