Page 2 - Non Apple News Today : Breaking News, Live Updates & Top Stories | Vimarsana

They have beat expectations. shares of apple surging 6% overnight to an all-time high after delivering surprisingly strong earnings. the june quarter is usually its weakest but profits rose 12%. iphone sales were steady as consumers anticipate a new iphone coming out this fall. ipad shipments actually increased rising 15%. those ipads mainly going to schools and businesses. and any move in apple stock moves the whole market because apple is not just in the dow, it's in the s&p 500 as well. it is the most valued company in the world and the push on apple stock could push the dow over that 22,...

>> neil: in the break, we were talking nonstop about apple's earnings which beat the street. we'll get to the details and off-the-chart number of iphones being sold in anticipation for iphones to come. let's get our retail expert's opinion. i always think that apple, the fact that it could charge so much for its devices and people will buy them. >> yes. >> neil: what does that tell you? >> the protect for consumers is price -- people don't mind the price. even if the price of the apple continues to rise and they sell less, they're still going to turn a revenue. if you saw the sales numbers, th...

>> neil: but hitha, what is wacky, 41 million iphones sold. think about it, we're a couple months away from the new iphone. people don't care. normally what happens, they'll sit tight, say wait till the new one comes out. >> i'll tell you why. part of the reason why the apple -- people are in such -- people want these phones so badly is because apple is trying to integrate themselves as a company to our lives. so you heard about the ipod coming out, it's like an alexa. you can talk to the speaker, give it orders. it's a siri pretty much. so based on the services that apple has, apple pay, itun...

Doing additional spending. so let's make sure that we have a balanced package here. yes, i want to make sure -- if we're dealing with a total budget, i'm all in. let's deal with a budget that makes sense and in an open way and not use reconciliation and a broader consensus. if we're dealing with tax reform, that's a different situation. >> neil: thanks, senator. >> thank you, neil. >> neil: meantime as the senator and i were speaking here, we're getting more details on the apple earnings. the stock is soaring 4% because of revenues and earnings beat street estimates. apple's cash pile, the cas...

Cool stuff. >> neil: that creeps me out. if you had a choice between buying apple or amazon, two high-flying stocks this year, which would you pick? >> it's interesting. i own apple, so i would probably say apple. more in terms of growth-wise. we're seeing -- everyone says the third quarter for apple is at a lull. people that pay attention, they have the growth to come towards the end of the year. so i think if anything, i would probably put my money there. >> neil: all right. thank you. meantime, we're going to be looking at the fall-out on apple and how the whole tech world is doing at noon ...