AAPL results for its fiscal first quarter ended December 26
- Earnings: $3.28 ($3.23 a share was analyst consensus, it was $3.06 a share a year earlier)
Gross margin came in at 40.1% - Apple hasn't earnings guidance for the quarter, however expected gross margin is 39 to 40%. Analyst expectations were for 39.9%
- Revenue: $75.9bn ($76.6 bn expected, was $74.6 bn a year earlier) Apple's forecast for this quarter's revenue was $75.5 - $77.5 bn.
- iPhone sales 74.78mn (expected around 76.54 million), in the same quarter last year sales were 74.5mln
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Still to come:
I'm listening out for comments from Tim Cook on China, and also on stock buy back plans
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Looking ahead ...
Apple is providing the following guidance for its fiscal 2016 second quarter:
- revenue between $50 billion and $53 billion
- gross margin between 39 percent and 39.5 percent
- operating expenses between $6 billion and $6.1 billion
- other income/(expense) of $325 million
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Oh,and finally. This is probably not the time nor the place, but seriously folks, buy an Android. You won't regret it.
(Ducks for cover)
