Claman on Call: Apple Smashes 4Q Views
Claman on Call: FBN’s Liz Claman with an after-hours web exclusive on the markets, Apple’s fourth-quarter results, Apple’s new mobile payments system and Nobel Prize winner Robert Engle’s case for why investors should not fear volatility.
Apple smashed analyst estimates for the fiscal fourth quarter, both on the top and bottom lines, and delivered much better-than-expected forward revenue guidance. Apple sold 39.3 million iPhones in the September quarter, that was up 16% over last year with sales in China surpassing all. CEO Tim Cook said that the demand for iPhone 6 and 6 Plus is off the charts and that it will be Apple's best holiday season yet. Also, Apple Pay officially launched Monday. Mashable Senior Tech Editor Pete Pachal told FBN that he feels very comfortable using the mobile payment service, and that it's safer than the credit cards in your wallet.
Chipotle moved lower in after hours despite beating analyst estimates for both revenue and earning sper share -- weaker-than-expected same-store sales weighed on investors, sending the stock lower.
Taking a look at the markets: All major U.S. indices finished the day in the green, with both the Nasdaq and S&P 500 ending higher for a third-straight session. Meanwhile, the Dow swung all over the place. The index crossed the "unchanged" line 23 times on Monday.
And if all this volatility has you worried, check out what Nobel Prize winning economist Robert Engle had to say. In an exclusive interview with FBN, Engle said not to fear the fear index. Instead, he gave us three things that should be on your worry watch list: Go to FOXBusiness.com/OnCall to hear his expert advice.
Now, here's what's coming up tomorrow: We'll get existing home sales for the month of September at 10 a.m. ET. And third quarter earnings season continues with names like Coca-Cola, McDonald's, Verizon and Kimberly Clark, reporting before the bell. Then we'll hear from Yahoo after the market close.
Be sure to check out all of today's interviews on FOXBusiness.com/OnCall and be sure to tune into Countdown to the Closing Bell every week day at 3 p.m. ET.