Apple announced their third fiscal quarter results after the market closed.Apple posted revenue of $35.3 billion and net quarterly profit of $6.9 billion, or $7.47 per diluted share, compared to revenue of $35 billion and net quarterly profit of $8.8 billion, or $9.32 per diluted share from a year ago. Analysts’ consensus called for a profit of $7.29 per share. So they did better than the street in that regard. The street expected 26.03 million iPhone units to be sold. Apple actually sold 31.2 million units. That beats the street too. Here’s some other highlights:
- The street said that 17.62 million iPads. Apple sold 14.6 million iPads.
- The street said that 4.98 million iPod would be sold. Apple sold 4.57 million iPods.
- The street said Apple would sell 3.86 million Macs. Apple sold 3.8 million Macs.
So the results could be described as okay as best. It was enough to move the stock up 5% in after hours training. But it has since dropped around 2% since. With these sorts of numbers, it makes the next quarter very important. Otherwise Apple could quickly fall from grace in the eyes of investors.
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This entry was posted on July 23, 2013 at 9:09 pm and is filed under Commentary with tags Apple. You can follow any responses to this entry through the RSS 2.0 feed.
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Apple Posts “Okay” Numbers…. Stock Moves Up And Then Drops
Apple announced their third fiscal quarter results after the market closed.Apple posted revenue of $35.3 billion and net quarterly profit of $6.9 billion, or $7.47 per diluted share, compared to revenue of $35 billion and net quarterly profit of $8.8 billion, or $9.32 per diluted share from a year ago. Analysts’ consensus called for a profit of $7.29 per share. So they did better than the street in that regard. The street expected 26.03 million iPhone units to be sold. Apple actually sold 31.2 million units. That beats the street too. Here’s some other highlights:
So the results could be described as okay as best. It was enough to move the stock up 5% in after hours training. But it has since dropped around 2% since. With these sorts of numbers, it makes the next quarter very important. Otherwise Apple could quickly fall from grace in the eyes of investors.
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This entry was posted on July 23, 2013 at 9:09 pm and is filed under Commentary with tags Apple. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.