>> The iPhone 7 may have gotten a lot of flack for getting rid of the earphone jack. But the numbers say it helped Apple find growth again after three quarters of falling phone sales, Apple stock rising about 6% on Wednesday morning trading, after the world's most valuable public company said it sold more than 78 million iPhones in the holiday quarter, a larger than expected increase.
The shares have been on a roll, up more than 15% since mid-November, as the market bet heavily that Apple will deliver a radically redesigned blockbuster iPhone for its 10 year anniversary. But if they can't come up with a hit, how about buying it? That's a topic that was on investor's minds on the earnings calls says Reuters reporter, Steven Nellis.
>> There's been a lot of questions about whether Apple would make a big transformative deal like buying Netflix to bolster its services business, or doing something crazy like buying a Tesla. In the past they've never really done big deals. Beats, for just a few billion dollars was the biggest they've done.
Most of the acquisitions they do are small, for maybe for a few hundred million dollars, which is basically pocket change to a company the size of Apple's. So interesting to hear Tim Cook say that big deals are not off the table.>> A big buy could be one way for Apple to boost its services business, including the App Store, Apple Pay and iCloud, that recorded a nearly 20% growth revenue thanks to games like Pokemon Go and Super Mario Run.
And Cook saying Tuesday, Apple is looking to double it in the next four years.