Apple earnings:
- EPS $1.40 versus $1.34 expected: BEAT
- Revenues $85.78 billion versus 84.44B expected: BEAT
Other details:
- China Revenue: actual $14.73 billion (-3% on a constant currency basis) Expected to be $15.2 billion, down 3.1% from $15.7 billion last year. MISS
- iPhone Actual $39.3 billion. Sales are expected to be $38.9 billion, down 1.8% year over year from $39.6 billion.BEAT
- Services Revenue: Actual $24.21 billion. Anticipated to reach $23.9 billion, up from $21.2 billion last year. BEAT
- iPad Sales: Actual $7.16 billion. Expected to be $6.6 billion, up from $5.7 billion last year.: BEAT
- Mac Revenue: Actual $7.01 billion Expected $7.02 billion to grow modestly compared to last year’s decline of 7.3%. MET
- Wearables: Actual $8.10 billion. Expected $7.79 billion . BEAT
Gross margins 46.3% versus 46.1% expected. BEAT
Cash pile $153 billion down from $162.3 billion last quarter.
Shares are trading above and below unchanged at $218.92
This article was written by Greg Michalowski at www.forexlive.com.
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