5 things from Apple's earnings call that you absolutely NEED to know

[Guest Zach Epstein]

Apple stunned Wall Street on Wednesday when it posted fiscal second-quarter earnings that absolutely crushed analysts' estimates. The company reported a net profit of $10.2 billion — a second-quarter record — thanks to surprisingly strong iPhone sales, and revenue in the quarter totaled $45.6 billion. Apple also had a pair of huge announcements related to its stock, and plenty more that it covered.

 

Here are the five most important takeaways from Wednesday's report:

 

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