“Drexel Hamilton analyst Brian White said their preliminary Apple sales monitor shows the company had their strongest June ever,” StreetInsider reports.
• As of this morning, nearly all of the companies in our Apple Monitor have reported June sales that beat historical seasonality, delivering the strongest June that we have on record.
• We believe the recent sell-off in Apple represents yet another buying opportunity as investors turn their focus to the iPhone 8 this fall, along with the company’s raised capital distribution initiative, depressed valuation and new innovations. We continue to believe Apple remains among the most underappreciated stocks in the world.
Read more in the full article here.
MacDailyNews Take: Boom!
Betcha there were a lot of iPads – from $329 starter iPads on up to the new 10.5- and 12.9-inch iPad Pros – purchased by lucky users in June.