Jim Cramer Reveals the Key to Apple's Earnings Success

Author:
Publish date:
Video Duration:
0

Are we looking at Apple's (AAPL) - Get Report 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

N/A