Let’s not mince words – The latest quarterly earnings report from Apple (AAPL) is absolutely stellar.
The highlights of the results, the first since the death of Steve Jobs, include:
- revenue of $46 billion vs. $26 billion for the same period last year (analysts expected $ $39 billion)
- profits of $13 billion
- profit per share of $13.87 vs. $6.43 for the same period last year (analysts expected $10.06)
- gross margin of 44.7% up from 38.5%
- 37 million iPhones sold
- 15.5 million iPads sold
- 5.2 million Macs sold
- 15.4 million iPads sold
The performance obliterated Apple’s own estimates, which called for earnings of $9.30 a share on sales of $37 billion. Apple made a rare miss in its previous quarterly earnings, posting results that were strong but lower than analysts expected, due in no small part to customers holding off on buying new iPhones in anticipation of a newer model.
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads, and Macs,” Tim Cook, Apple’s CEO, said in a statement. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.” We guess So!