πŸ‡ΊπŸ‡Έ

Jim Cramer Reveals the Key to Apple's Earnings Success

Video Credit: The Street
Published on October 31, 2019 - Duration: 04:49s

Jim Cramer Reveals the Key to Apple's Earnings Success

Are we looking at Apple's next iPhone moment?

Apple said earnings for the three months ending in September, its fiscal fourth quarter, came in at $3.03 per share, a 6.7% increase from last year and a figure that essentially matched Wall Street forecast.

Driving the strong earnings was revenue growth in wearables sales.

Apple's wearables, which includes the Apple Watch and Air Pods, saw revenue of $6.52 billion, beating estimates with an impressive year-over-year rise of 54%.

Jim Cramer says Apple is the only company he knows that simply can't keep up with demand and won't be ready for Christmas sales because of the popularity of the products.

"They can't keep up because they have superior products that people really want," Cramer said With the debut of the AirPods Pro, should investors expect even stronger wearable sales come the holiday season?

Catch everything Cramer has to say in the video above.

Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

Advertisement

You are here

Related videos from verified sources

What's Spooking the Market This Halloween? Cramer on Fed, Trade, Earnings 14:24
Video credit: The Street - Published on October 31, 2019 

Apple's Impressive Quarter: What to Watch For When Analysts, Management Comment 02:19
Video credit: The Street - Published on October 30, 2019 

What to Watch When Apple Reports Earnings 02:16
Video credit: The Street - Published on October 29, 2019 

You might like