With the stock up 20 percent this year, it may be running out of room to climb, Finerman said. But trader Guy Adami contended the results will prompt "the next phase higher" to $145 per share, about $10 up from where it traded after earnings.
Read MoreApple boosts buybacks, earnings beat on strong iPhone sales
Trader Pete Najarian—who has a long stake in Apple—looked to some producers of Apple components. Chipmaker Cirrus Logic has moved with Apple, he noted, and is up 42 percent this year.
It reversed losses from Monday's session in extended trading, going 1 percent higher to about $34 per share.
Chipmaker Broadcom is a play in "the entire smartphone space," while China Mobile distributes iPhones in China, Najarian noted. Broadcom moved higher in extended trading Monday, while China Mobile was slightly lower.
Trader Dan Nathan was wary of semiconductor stocks.
"I think they're kind of value traps," Nathan said.
Pete is long AMAT, AAPL, BABA, BAC, BMY, BP, CSX, DISCA, FOXA, GE, KKR, KO, LLY, LOCO, MBLY, MRK, PEP and PFE. He is long calls AAPL, BK, BX, CBS, CELG, CSX, DAL, DB, EEM, EJ, F, FL, GE, GS, HSBC, HZNP, IMAX, JBLU, JOY, KO, LEN, MAC, MYL, NEE, NTAP, NUAN, OC, PFE, SYY, TEVA, TSX, UAL, VZ, XLF, XOM and ZIOP.
Dan Nathan is long TWTR, SHAK, T, NKE call spread, WMT June call spread, BBRY June call spread, M May call spread, XHB April 35/32 put spread, QQQ May 108/ 98 put spread, IWM May put fly, XLP May put spread, XLY May puts, LULU May puts and INTC May /July put spread.
Karen Finerman is long BABA, BAC, C, LPG, FINL, FL, GOOG, GOOGL, JPM, M and KORS. She is short SPY. Her firm is long AAPL, BAC, C, CMLS, DIS, LPG, FINL, FBT, FL, GOOG, GOOGL, GPS, IBB, JPM, M, KORS, XBI, SUNE and URI. Her firm is short IWM, MDY and SPY. Karen Finerman is on the board of GrafTech International.
Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.