Don't You Just Love It? Apple Earnings Are Out -- July 21, 2015

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.