The stock of Apple Inc (NASDAQ:AAPL) closed at $157.14 gaining 4.73% in yesterday’s trading session. On Tuesday, Aug. 1, it announced a surprise fiscal third-quarter earnings and it was clear that the iPad sales had moved a notch higher.
The period ended in March had seen the tech behemoth’s revenues plummet by about 12%. The recently reported 2% increase of iPad revenue for the three months ended July 1 was seen as a progressive step and the company is looking forward to doing much more.
Apple has outlined that the turnaround wouldn’t have been achievable if not for the involvement of some enormous corporations. They included Medtronic plc, Panera Bread Co (NASDAQ:PNRA), Wal-Mart Stores Inc (NYSE:WMT) and Bank of America Corp (NYSE:BAC).
Apple chief financial officer and senior vice president, Luca Maestri while speaking in regards to the company’s earning call stated, “Our enterprise business continues to expand and our customers are transforming the way work gets done with iOS and iPad.” He was speaking to a number of analysts that have been following on the provider’s progress closely.
Maestri has concurred that indeed Walmart had taken the right turn by choosing to move ahead and deploy about 19,000 iPads for its employee-training program which he believes will be in the best interests of the company.
In May, Walmart made an announcement that it was going to graduate about 225,000 employees from its training academies. It hopes to be done with that by the end of the year.
The various academies will dedicate much of their time to teaching the employees a number of fundamental retail skills that will be moving past stocking shelves and providing customer service. For example, which particular items will turn a profit and why.