apple earnings
Apple will announce quarterly earnings on Jan. 25, followed by the likely debut of a tablet PC in a San Francisco presentation on Jan. 27. [1]
Apple reported first-quarter earnings significantly higher than analysts had expected coming off a disappointing holiday season for most tech companies, but provided its usual conservative guidance. [2]
Apple’s iPhone shipments were particularly impressive. [3]
The consensus, as reported by Thomson Financial, has been inching up and stands this morning at $1.17 earnings per share on revenue of $8.2 billion. [4]
International sales accounted for 46 percent of the quarter’s revenue. [5]
Mac shipments into the channel declined 3 percent year over year, but sales out to customers were flat sequentially. [6]
Quarterly iPhone units sold were 4,363,000, representing 88 percent unit growth over the year-ago quarter. [5]
The Nasdaq composite index jumped on Monday, outstripping gains on the Dow and S&P 500, as investors piled into technology shares ahead of Apple’s quarterly earnings report. [7]
Totally agree that iPhone revenue recognition is not wacky, or made -up, YET, Actually the impetus for the 24 deferral has to due with free updates to the OS, not actually related to the service contract with the carrier. [4]
Analysts polled by Thomson Financial expect Apple to report earnings of $1.38 in EPS on $9.74 billion in revenue when the company releases its results shortly after the close of trading this afternoon. [8]
Shares of Apple were up 1.7 percent to $173.17. [7]
I expect Apple to report earnings of $1.81 in EPS on $10.730 billion in revenue driven in part by sales of 7.11 million iPhones, 20 million iPods and 2.72 million Macs. [8]
These results compare to revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share, in the year-ago quarter. [5]
For the three-month period ended December 27, Apple recorded $10.2 billion in revenue, as compared with $9.6 billion a year ago, and net income of $1.6 billion, as compared with $1.58 billion a year ago. [2]
ET, including live coverage of Apple’s earnings call at 5 p.m. [3]
Sources:
[1] Apple 2010 Earnings Will Likely Be Affected by Tablet …
[2] Apple Earnings Surpass Expectations - CBS News
[3] Apple Crushes Earnings, Guidance Fine
[4] All eyes on Apple’s earnings ‘ Update - Apple 2.0 - Fortune …
[5] Apple Reports First Quarter Results
[6] Apple Watch - Corporate - Apple Q2 2009 by the Numbers
[7] Nasdaq Anticipates Apple Earnings
[8] AppleInsider | Apple Q1 2009 earnings preview