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Apple's numbers fall mostly in line with its own forecasts, analyst numbers

Another quarter is in the books, and Apple is once again rolling in cash. Apple generated revenue of $37.4 billion for fiscal Q3 and earnings of $1.28 per share. This translated into a record Q3 when it comes to profits, with the company raking in $7.7 billion. Analysts were expecting revenue of $37.99 billion and EPS of $1.23.
Apple issued guidance of $36 to $38 billion for the quarter, so these numbers are right in line with expectations.

Gross margins also ticked up compared to last year, rising from 36.9 percent to 39.4 percent. To go along with that info, Apple reported during its earnings call that the average selling price (ASP) for its Mac, iPod, iPhone, and iPad product lines were $1,255, $151, $561, and $444 respectively. The $444 figure for the iPad tells us that the iPad mini and iPad mini with Retina Display are accounting for the bulk of iPad sales.
“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters,” said Apple CEO Tim Cook.

Apple CEO Tim Cook [Image Source: Fast Company]

“We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”
During the quarter, Apple sold 13.3 million iPads, 35.2 million iPhones, and 4.4 million Macs. These compared to last year’s figures of 14.6 million, 31.2 million, and 3.8 million respectively.
iPad sales continue to be a sore point for Apple as we saw with the fiscal Q2 numbers. Apple has seen demand for its iPad weaken as newer, cheaper competition has entered the fray. In addition, the emergence of “phablet” devices have somewhat blunted the demand for tablet devices.
The iPhone numbers are up year-over-year, which is to be expected considering that Apple opened the floodgates to the Chinese market earlier this year. The iPhone numbers could have likely been even higher, but Apple fans are likely waiting for the larger screen iPhones (4.7” and 5.5”) to hit the market this fall.

Apple iPhone 6 render [Image Source: 9to5Mac]
Apple has already [internally] admitted that it has failed to deliver on bringing large-screen iPhones to its customers and it looks to right that wrong with the iPhone 6. So we’ll be looking forward to the fiscal Q4 numbers to see how iPhone sales stack up compared to last year.

Source: Apple

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AAPL Continues its dominance
By Acupuncture on 7/22/2014 5:26:40 PM , Rating: 1
I'm so glad I purchased stock 1 1/2 years ago. To think, it reached a record quarter without introducing any new product categories. If the iWatch is a big success, the next two years will explode for the company.

RE: AAPL Continues its dominance
By ritualm on 7/22/2014 8:27:00 PM , Rating: 2
If you used that same amount of money to buy BTC while it was trading at well under $10 3-4 years ago and sold them off early last year, you won't have to care about the price of Apple's stock anymore.

RE: AAPL Continues its dominance
By Acupuncture on 7/22/2014 9:22:51 PM , Rating: 1
Obviously you are not an investor. Bitcoin is one of the most volatile investments going, so looking back in hindsight is meaningless. AAPL was a screaming buy after the late 2012 crash, it was a complete no-brainer. Yet, sites like DT and their incredible investigative journalism parroted the same bullshit every other click-bait blog spewed out in that Apple was going under. Here we are today, the company is as healthy as ever, and yet to unleash new products to the masses. Meanwhile I'll probably take my winnings and use a large chunk of it to put down on a new house. Good times.

RE: AAPL Continues its dominance
By w8gaming on 7/22/2014 10:56:06 PM , Rating: 2
Well good for you. In fact you should be thankful that fear and doubt was targeted at Apple 1.5 years ago so you could easily bought Apple stock cheap and now got to cash in. If everyone was singing praise for Apple back then you would not even have this chance at all.

RE: AAPL Continues its dominance
By ritualm on 7/22/2014 11:44:18 PM , Rating: 3
Bitcoin is one of the most volatile investments going

Stocks are more volatile than BTC. All it takes to destroy all the "potential" earnings in your investments is a few well-timed events, some of them beyond a company's control - and right now we're getting a few of 'em: US national debt, Ukraine, Cold War 2.0, another regional war in the Mideast...

If you think AAPL is safer than most, I have a bridge in Alaska I'd love to sell you.

You know what's a better buy? Self-sufficiency, weapons, ammunition... not a company specializing in overpriced gadgetry. Your "winnings" are moot.

RE: AAPL Continues its dominance
By atechfan on 7/23/2014 9:20:15 AM , Rating: 3
Stocks can be volatile, but you are delusional if you think BitCoin is less so.

As far as the rest, emergency preparedness is a must, yes. But we still have to live in the now as well. Weapons and ammunition will not pay the bills. Stock market gains, on the other hand, will.

If you really want to be prepared for an economic collapse or any other sort of disaster, though, there are things more important than weapons. Land, for one. The urbans areas would become warzones way before rural areas. Get land and a house in the country. Learn to grow your own food. Make sure you can generate electricity.

But I feel you were not even wanting an actual discussion on disaster prep, but were instead making a knee-jerk anti-Apple response to the fact someone did well with Apple stock.

RE: AAPL Continues its dominance
By tayb on 7/23/2014 2:10:41 PM , Rating: 2
For individual stocks I actually agree. But that is high risk high reward investing. Most people are throwing their money into index funds and those are far less volatile than BTC.

RE: AAPL Continues its dominance
By Solandri on 7/23/2014 1:34:03 AM , Rating: 4
I'm so glad I purchased stock 1 1/2 years ago.

AAPL is up 47% from 18 months ago (2013-01-22).
The NASDAQ is up 41% in the same timeframe.
GOOG is up 49%.
MSFT is up 61%.

There's nothing special about Apple over the last 18 months. Pretty much the entire tech sector is up by about the same amount. Considering how lackluster the jobs and income recovery has been, it actually has me worried we're in a second tech bubble.

"Folks that want porn can buy an Android phone." -- Steve Jobs

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