Description: Apple Inc. (AAPL) profit almost doubled last quarter, reflecting robust demand for the iPhone in China as well as purchases of a new version of the iPad tablet, allaying the concerns that fueled a 12 percent two-week slump in the stock.
Questions for discussion:
- Summarize the financial results reported and the reasons for them.
- How do you explain Apple’s success?
- Do you believe this rate of growth is sustainable?
- Would you be a buyer today?