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. (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.