“Apple (AAPL) the technology heavyweight, posted smashing revenue of $9.87 billion and a net quarterly profit of $1.67 billion, or $1.82 per diluted share. These results compare to revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share, in the year-ago quarter. Gross margin was 36.6 percent, up from 34.7 percent in the year-ago quarter. International sales accounted for 46 percent of the quarter’s revenue,” ETF Daily News reports.
MacDailyNews Note: ETFs are securities certificates that state legal right of ownership over part of a basket of individual stock certificates.
ETF Daily News continues, “Apple’s continued success will provide a boost to technology ETF’s which have a dominating share in Apple. The ETF’s QQQQ, QLD, IYW, and TYH all carry heavy exposure in Apple which comprise of 14.3%, 9.61%, 9.03%, and 7.91% in their portfolios respectively. Each of the ETF’s offer a different perspective in trading as some provide leveraged and non-leveraged bets on the sector and Apple.”
Full article, which includes a detailed look at the technology ETF’s mentioned and what each one holds, here.