Apple on Thursday handily beat expectations for sales and earnings and announced a 4-for-1 stock split.
Why it matters: The move comes a day after Congressional hearings and as other Big Tech firms also turned in stellar reports.
Apple reported per-share earnings of $2.58, ahead of expectations of $2.04, with revenue of $59.7 billion, well above the $52.2 billion analysts were expecting, per Yahoo Finance.
"In uncertain times, this performance is a testament to the important role our products play in our customers’ lives and to Apple’s relentless innovation." CEO Tim Cook said in a statement.