Quelling concerns of slipping into the depths of the uncreative technology companies, Apple outperformed third quarter revenue projections. The Silicon Valley giant hauled in $42.4 billion last quarter, besting the anticipated $42.09 billion. The underlying issue is the relative obsolescence of Apple's technology, with iPhones losing their magic and the iWatch failing to capture the wallets of consumers.

Source: https://techcrunch.com/2016/07/26/apple-beats-earnings-expectations-by-a-mile-and-its-stock-is-soaring/