AAPL earnings out now (for Q3, the quarter ended June 25)

  • EPS $1.42 (estimate $1.39). EPS for the same quarter in 2015 was $1.85
  • Q3 revenue $42.4bn ($42.06bn expected), Revenue is down 15% on the same quarter of 2015.
  • Sold 40.4 mln iPhones (39.9 mln expected). In the same Q of 2015 they'd sold 47.5mln iPhones

For Q4, the company says it expects revenues at $45.5 to $47.5 bn (expected $45.94 bn)

CEO Tim Cook's press release says services revenue was the highest ever

More:

  • iPad sales 10mln (down 9%)
  • Mac computers sales 4.3mln (down 11%)
  • Sales of services up 19% (to $6bn)

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OK, and my regular 'this is hardly the right time or place' comment. Just go and buy an Android phone.

And in "FU Eamonn" news ... Apple shares much higher in after hours trade