AAPL fourth quarter earnings, revenue, iPhone sales

Earnings: $1.67 BEAT

  • expected $1.65 vs $1.96 a year earlier

Revenue: $46.9 bn IN LINE with expectations

  • expected $46.9B vs $51.5B last year

More:

  • Guidance for the next quarter, sees Q1 revenue at $76 to $78bn (against expected $74.9Bn) BEAT
  • iPhone sales 45.5mln (expected 45mln) BEAT ( iPhone accounts for two-thirds of Apple revenue). Note that Apple launched the iPhone 7 & iPhone 7 Plus only two weeks before the end of the quarter.
  • CFO Maestri said demand for Apple's newest iPhones made the company confident about results in the next quarter

More again:

  • Annual revenue fell for the first time since 2001
  • Apple forecast gross profit margins 38 to 38.5% (expectations were for around 39%)

Revenue from Greater China fell almost 30% in the quarter

  • it dropped 33% in the preceding period
  • Revenue from Greater China doubled in the year-earlier quarter

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And, for today's troll ... go buy an Android phone.

OK, I'll STFU now ;-)