On Wednesday's Market Foolery, host Chris Hill and Bill Barker, analysts from Motley Fool Funds, discuss Apple's (NASDAQ:AAPL) latest earnings report.
Apple's third quarter reports released this week showed Apple sold over 35 million iphones and made $37.4 billion in revenue with $7.7 billion in profit. Hill offers that the quarter was very good and investors are happy as shares of Apple rose about 3% on Wednesday after the report. Barker talks about the revolutionary and transformative nature of Apple, and Hill quickly adds that the iPod and iPhone disrupted industries and the iPad created an industry. Then, Barker looks at Apple in his own family and sees a pull between his children and the company.
Hill focuses on the next "big thing" from Apple and mentions the potential iWatch. He wonders if the next big gain in Apple's share prices will come from the iWatch. Barker does not think that the iWatch is the next bump for Apple-although he's a bit biased against watches. He asserted that a watch will not be able to provide anything that his cell phone currently does not provide.
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Bill Barker owns shares of Apple. Chris Hill has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.