While other products like the iPad, Mac and to a much lesser extent, iPods, still generate significant amounts of revenue for Apple, the company still gets the majority of its sales from the iPhone. Cook's confidence should resonate a chord with investors that perhaps some of the fears are overblown. "I think we're at the very front end of that and so I think we have lots of growth opportunities."
The results proved there may be a little turning of the tide on fears relating to Apple. Shareholders may finally start to respond by bidding up shares.
-- Written by Chris Ciaccia in New York>Contact by Email. Follow @Chris_Ciaccia
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts