“The iPhone obviously had to do extremely well to get a 21% number,” Cook said on the company’s earnings call. Cook also said that the iPhone X was the top-selling phone in China.
Related: Apple to Go All in or Abandon Self Driving Cars
3 ETFs with Largest Exposure to Apple All Up
Let’s take a look at how ETFs with exposure to Apple are reacting according to Yahoo Finance at 12:30 p.m. Eastern time.
The iShares U.S. Technology ETF Technology Equities (IYW) with the largest holding in Apple at 0.44% was up 0.03% while the Technology Select Sector SPDR Fund (XLK) with a 0.13% holding of Apple, the largest tech-related ETF, was up 0.25%. Vanguard Information Technology ETF Technology Equities (VGT) with a 0.10% holding of Apple was up .35%.
Although Apple hasn’t had any crazy tech innovations for awhile, they seem to be happy keeping it simple.
And the market is rewarding them.