AAPL Q1 results:

  • EPS $3.06 (est $2.60). You want a beat, we’ll give you a beat.
  • Rev is $74.6 bn (vs. estimates at $57.6bn)
  • Gross margin 39.9% (37.9 estimates)
  • Sees Q2 revenue between $52 and $55bn, gross margin 38.5-39.5%
  • In Q1 sold 21.4mn iPads (down 18%)
  • Sales of iPhones at 74.5 million (65.7 million estimate). Record sales for iPhones. More phones, at higher prices.

Apple’s mountain of cash grew to almost $178 billion

  • up 15% from the prior quarter

Quarterly profit up 38%

–

  • Tim Cook is destroying Apple
  • Its all over at Apple
  • Samsung is eating Apple for lunch

Yeah, right.

We’re gonna need some new AAPL memes.