Apple's 'Massive' Quarter Shows The Company Is A 'Juggernaut Across The Board'

Apple Inc. AAPL has set another record for iPhone sales. The company increased unit sales by roughly 40 percent and sold 61.1 million iPhones versus 43.7 million in the year-ago period.

"Those iPhone numbers are very impressive," Cody Willard, chairman of Scutify (a financial social network) and Futr (a futuristic messaging app), told Benzinga. "Moreover, it's just such a juggernaut across the board."

Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, was also impressed by the Mac maker's results.

"There are very few companies in the world putting up numbers like this," Udall told Benzinga. "This is another pretty massive quarter. Expectations were already pretty high and they beat the expectations pretty soundly."

Udall said that he "wouldn't be surprised if the stock works" but is not sure it will do much for a couple days. "It depends," he said. "If that FX number is as big as I think it is, so they actually did $61 billion -- net of FX, they actually did $58 billion -- I think a lot of people will look at that and go, 'You know what, the stock probably should be $140+ stock."

Shares of Apple were up more than one percent in after hours trading.

Related Link: Apple Watch Ignites Fintech Community, Inspires New Apps

'Very Good' Results

Global Equities Research analyst Trip Chowdhry was impressed by Apple's overall results, including sales of Macs (4.5 million) and iPads (12.6 million).

"iPhones were at 61 million, which is very good," Chowdhry told Benzinga. "Basically, Apple is a multi-product, multi-geography, multi-service, multi-year company and these clearly indicate that. That's number-one."

While Chowdhry was impressed the sales results, he was somewhat critical of Angela Ahrendts, Apple's senior VP of retail and online stores. He said that she underestimated the demand of the Apple Watch and probably needs to think in terms of scale.

Up until now, Chowdhry said she had not worked for a company that could sell millions of units of a single item.

"The question is: is Angela Ahrendts the right person to run the retail store?" Chowdhry questioned. "[She doesn't] have a pulse on the Apple customer base."

Chowdhry wanted it to be clear that he doesn't think Ahrendts is a bad executive.

"But she has zero experience when it comes to terms of thinking millions of units," he said. "You have to think and sense the passion that more than 400 million people have for Apple products.

And if she cannot think beyond hundreds of thousands of units, she is probably at the wrong company."

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.