Last week the mighty Apple reported results. I say mighty because they reached quarterly revenue of $111 billion and net income of $29 billion - $29 billion profit in a quarter is just astounding.
The new iPhone product mix was a roaring success. Sales of that incredible device reached $65.6 billion, 17% higher than last year and 10% higher than consensus. Wearables grew 30% to $13 billion and services grew 24% to $16 billion.
China saw a massive jump, sales there increased by 57% to $21.3 billion. If you want Chinese exposure, Apple ticks that box.
The future looks bright. Services are flying, they now have over 600 million locked in clients. Wearables, Macs and iPads are also doing better than ever. There is an Apple car in the making and the iPhone is showing no signs of slowing down.
You don't get more quality than Apple, we are more than happy to own this one for decades to come. Here is a great view of their head office, where all the magic happens.