Comment from live blog:
So Apple beat on profit, revenue, iPhone sales and Mac sales, yet AAPL sliding fast, below $120.
Highlights:
- quarterly profit surges 38%
- iPhone unit sales up 35% to 47.4 million iPhones
- gross margin was 39.7%, above its estimated range of 38.5% to 39.5%
From
Macrumors:
For the quarter, Apple posted revenue of $49.6 billion and net quarterly
profit of $10.7 billion, or $1.85 per diluted share, compared to
revenue of $37.4 billion and net quarterly profit of $7.7 billion, or
$1.28 per diluted share, in the year-ago quarter.
Gross margin for the quarter was 39.7 percent compared to 39.4 percent
in the year-ago quarter, with international sales accounting for 64
percent of revenue. Apple also declared an upcoming dividend payment of
$0.52 per share, payable on August 13 to shareholders of record as of
August 10. The company currently holds $202.8 billion in cash and
marketable securities.
I find that incredible: a year ago, not quite $8 billion profit; this year (quarterly), an almost $11 billion profit. It would be interesting to see one other mature "tech" company report results like that.
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