Apple stock up after great June quarter earnings results

Apple’s June quarter earnings results beat expectations for both revenue and iPhone sales! Apple opened with a market cap of nearly $830 billion, moving it evvvvvver closer to becoming a trillion dollar company.

 

Reported revenue was $45.4 billion and net quarterly profit of $8.7 billion, or $1.67 per diluted share, in its fiscal third quarter ended June 24. Hence, Apple’s stock today opened at an all-time high of $159.52.  It’s currently sitting at 157.14.

 

The good guys over at Macrumors posted the full transcript of the earnings call here, if you’ve got some time!

 

Liquid Glitter iPhone cases being recalled

A company that manufactures glitter phone cases, MixBin Electronics, has recalled about 263,000 of their “liquid glitter iPhone cases” on Tuesday, according to a US Consumer Product Safety Commission release.

 

This includes all cases for iPhone 6, 6s, and 7 sold from October 2015 to June this year. Retailers of the cases include Amazon, Henri Bendel, MixBin itself, Nordstrom Rack, Tory Burch, and Victoria’s Secret, and ranged in price from $15 to $65.

 

The recall is occurring because of the scary risk and worldwide reports of burns.

 

According to a statement from the company:

 

“There have been 24 reports worldwide of skin irritation or chemical burns, including 19 in the U.S… one consumer reported permanent scarring from a chemical burn and another consumer reported chemical burns and swelling to her leg, face, neck, chest, upper body and hands.”

 

MixBin has advised customers “should immediately stop using” the cases and contact the company for a full refund.To see the full list of the recalled MixBin Electronics cases, including model numbers, UPC codes, and descriptions, check out the notice on the Consumer Product Safety Commission’s website.