Apple (AAPL) Posts Better-Than-Expected Earnings: Diversification & Challenges

<p>Apple’s (AAPL) earnings were released today, May 4th post market. Renita Young hosts an Apple post-earnings discussion with guests Alex Coffey and Kevin Green. They talk about how Apple’s earning came in much better-than-expected. They note that Apple was expecting a sales decline of about 5% in iPhones, but the actual decline came in at 3%. They go over how these earnings were really good in some ways, but also really disappointing in other ways. They look at challenges Apple is facing including how 25% of iPhone owners have not updated their phone in about four years. They then examine how Apple is trying to diversify, highlighting its new high-yield savings account with partner Goldman Sachs (GS). They also mention the importance of Apple expanding into India. Tune in to find out more about the future for Apple and the stock market today.</p>