economy
Apple proves once again it is the ultimate cash machine. How to trade the stock from here
While the rest of the 'Mag 7' is caught up in the artificial intelligence arms race, Apple remains the ultimate shareholder 'cash machine.'
TL;DR
- Apple achieved its best-ever March quarter with $111.2 billion in revenue, a 17% year-over-year increase.
- Earnings per share (EPS) reached a record $2.01 for the March quarter, surpassing estimates.
- The board authorized a $100 billion share repurchase program, matching last year's amount.
- The quarterly dividend was raised by 4% to 27 cents per share.
- iPhone revenue hit a new March quarter record of $56.99 billion.
- Services revenue reached an all-time high of $30.98 billion, now comprising nearly 28% of total revenue.
- Gross margin expanded to 49.3%, exceeding guidance.
- An options spread trade (selling a risk reversal) is detailed, involving selling a put and buying a call, with specific strike prices and expiration dates.