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Earlier quoted context omitted.
Looks like after, due to being lower than the average analyst expectations... had been predicting $37b revenue, vs. actual report of $35b.
They also missed the EPS by a dollar ($9.32 vs $10.35)
Earlier quoted context omitted.
They also missed the EPS by a dollar ($9.32 vs $10.35)
They missed the analysts predicted revenue and EPS, but not their own guidance: revenue of $34 billion and earnings per diluted share of $8.68. Wall Street investors go bullish when iPhone sales slow, and bearish when sales are exploding.
Almost 43% gross margin, for a (mostly) hardware company !!
Almost 43% gross margin, for a (mostly) hardware company !!
I don't really understand how people keep calling Apple a hardware company. Yes, they make their own hardware (in some cases) but on the record, repeatedly, everyone at Apple says, all the time, that they treat themselves as a software company.
The fact is Apple is a PRODUCT company. Meaning they do the software, hardware and most importantly everything in between the two.
Almost 43% gross margin, for a (mostly) hardware company !!
I don't really understand how people keep calling Apple a hardware company. Yes, they make their own hardware (in some cases) but on the record, repeatedly, everyone at Apple says, all the time, that they treat themselves as a software company.
Almost 43% gross margin, for a (mostly) hardware company !!
I don't really understand how people keep calling Apple a hardware company. Yes, they make their own hardware (in some cases) but on the record, repeatedly, everyone at Apple says, all the time, that they treat themselves as a software company.
TL;DR: Exceeded guidance, no blowout. Mac sales are static, overall iPhone sales softening as the lineup ages, iPads surging, iPod continues to dwindle, miscellaneous sales remain miscellaneous. + stock buyback next year + dividends being issued as expected + China sales exploding So: a quiet quarter. New Mac OS released tomorrow. Yay!
TL;DR: Exceeded guidance, no blowout. Mac sales are static, overall iPhone sales softening as the lineup ages, iPads surging, iPod continues to dwindle, miscellaneous sales remain miscellaneous. + stock buyback next year + dividends being issued as expected + China sales exploding So: a quiet quarter. New Mac OS released tomorrow. Yay!
You forgot another one -- estimates missed.
TL;DR: Exceeded guidance, no blowout. Mac sales are static, overall iPhone sales softening as the lineup ages, iPads surging, iPod continues to dwindle, miscellaneous sales remain miscellaneous. + stock buyback next year + dividends being issued as expected + China sales exploding So: a quiet quarter. New Mac OS released tomorrow. Yay!
You forgot another one -- estimates missed.