And this was supposed to be the “tough quarter” – the “transition quarter”. LOL.
Apple ($AAPL), under new CEO Tim Cook, smashes whatever nonsense guidance they laid out and probably whatever they were expecting internally.
Financials (via BI):
- Revenue: $46.33 Billion versus $38.76 billion expected
- EPS: $13.87 versus $10.07 expected
Highlights (via The Atlantic):
iPhone: 37.04 million (128 percent increase)
iPad: 15.4 million sold (111 percent increase)
Macs: 5.2 million sold (26 percent increase)
iPods: 15.4 million sold (21 percent decline)
Revenue $46 billion and net income of $13.1 billion (profits of $144 million per day this quarter)
That said, the stock ain’t doing much in the after-hours as the company made no announcement regarding it’s cash balance (which at 97+ billion dollars is more than the MARKET CAPS of 474 S&P 500 companies, my friends at Bespoke tweeted). Also, guidance was pretty lackluster – but we all know that’s the game. You can’t beat by this magnitude if you over-promise.
Apple is insanity.
Full Disclosure: Long but not nearly enough probably.