Why Is Apple Rallying?

For iPhone, we generated $26 billion in revenue. While this is down 12% from last year’s June quarter, it is a significant improvement to the 17% year-over-year decline in Q2. – Tim Cook, Earnings Conference Call, July 30

This is why Apple stopped reporting iPhone sales and breaking out revenue by components.  Does the market really believe Apple is now “Beyond Meat iPhones?”

If he can convince the market of this and maintain Apple’s close to $1 trillion market cap, Tim Cook is the Master Chef of earnings presentations.  One Helluva Cook!

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