What were Apple’s earnings? Apple Inc. (NASDAQ:AAPL) reported its fiscal second quarter earnings this afternoon, and much to the rejoice of bulls who’ve been sickened by the stock’s fall below $400 a share, Apple beat on top and bottom line estimates. Tim Cook and the company also announced a few income-stimulation moves, and on the whole, the market has responded positively to the news.
Apple Inc.’s been our focus this afternoon. Here’s a few of our analyses, with quotes in the first link:
Apple: 4 Revealing Comments From Today’s Q&A Session
Apple: Crucial Figures to Know From The Q2 Conference Call [running update]
Apple Cleaning Out Its iPod, iPad Online Closets
And More, here.
Let’s get down to the facts surrounding Apple Inc.’s latest numbers. What were Apple’s earnings?
Apple beat top and bottom line estimates; iPhone and iPad and sales were better than most expected.
Revenue: $43.6 billion against $42 billion consensus.
Earnings per share: $10.09 versus $10.00 consensus. According to the call, Apple’s beat was “fueled primarily by strong iPad and iTunes sales.”
Apple’s device figures:
37.4 million iPhones sold, 0.5-1 million above most analyst estimates. Specifically cited was the phone’s positioning in the Japanese marketplace; the iPhone grabbed the No. 1 spot in Japan, in “both handsets and smartphones.” According to the call, this was “the first time a non-Japanese company has achieved the top spot for more than a year.”
19.5 million iPads sold, about 1 million above consensus.
Mac data is flat, to slightly below estimates.
5.6 million iPods sold, 0.6-1.0 million below analyst estimates.
Apple Inc.’s guidance:
Revenue guidance: $33.5-$35.5 billion next quarter.
Margin guidance: 36%-37% (gross) next quarter.
Apple’s enormous cash position:
Total cash was $145 billion, a bit below our $15B quarterly average mentioned above.
Apple’s buyback and dividend plans:
$100 billion in share repurchases by the conclusion of 2015
15% quarterly dividend boost, to $3.05 a share per quarter
Alright, that seems about it for now, but for anyone wondering what exactly Apple’s earnings were, now they know.
