“As perhaps the most widely watched publicly traded company around, it’s hard for tech giant Apple to surprise anyone these days,” Andrew Tonner writes for The Motley Fool. “Case in point: A kind of general consensus seemed to have emerged heading into Apple’s quarterly earnings report, which it released yesterday after market close. For the most part, investors expected Apple to post modest results, almost dismissing the quarter as an understandably quiet interlude spanning the critical holiday quarter and its high-profile product launch schedule that will ramp up in the coming months. They were dead wrong.”

“Having had some time to digest them now, it’s impossible to deny that Apple simply shot the lights out in its fiscal second-quarter earnings, far exceeding what most thought Apple had in the tank,” Tonner writes. “Others have and will continue to break down the high-level storylines behind Apple’s home-run report. So instead, I’ll simply highlight three specific aspects about its second-quarter earnings that investors should love.”

1. iPhone defies skeptics
2. More buybacks, please
3. Apple could possibly enter the Dow

Tonner writes, “Across the board, this quarter was a resounding success for Apple. Heading into the second half of the year, I’m a firm believer that now is as good a time as any to consider adding Apple’s shares.”

Read more in the full article here.

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