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What Were Apple’s Earnings? Facts, Figures, Quotes

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.

Should this Concern Apple Inc. (AAPL) and Google Inc (GOOG)?

Apple Inc. (NASDAQ:AAPL)’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. (NASDAQ:AAPL)’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. (NASDAQ:AAPL)’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.

Disclosure: none

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