Apple announced mind-blowing earnings today. Its fiscal first quarter earnings blew past expectations. In iPhones alone, the company sold 9 million more units than expected. In total, the company sold 74.5 million iPhones and 21.4 million iPads in the quarter. Yes, that is just 3 months.
What is really incredible is that the company generated $18 BILLION of net profit in the quarter and $33.7 billion of additional cash. The company can now buy 480 of the S&P 500 companies with cash alone.
This is truly incredible. And the great news for those of us in the liquidation business is that all these sales are seeding the market with products that will eventually be traded in and resold in the secondary market.
If you are interested in buying used or refurbished iPhones or iPads, check out the selection available almost every day on bstocksupply.com. Here is a lot that would be great for a reseller: http://bstocksupply.com/auction/auction/view/id/24938/.
Know of any great Apple product buying opportunities in the secondary market? Let us know about it.