Apple Shines, Amazingly No Worms (AAPL)
Apple Inc. (NASDAQ: AAPL) has reported earnings, although it also now has the SEC looking into the company via an inquiry over its disclosure practices. Earnings were $1.78 non-GAAP EPS and $10.17 billion in revenue. Consensus estimates from Thomson Reuters…
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Apple Inc. (NASDAQ: AAPL) has reported earnings, although it also now has the SEC looking into the company via an inquiry over its disclosure practices. Earnings were $1.78 non-GAAP EPS and $10.17 billion in revenue. Consensus estimates from Thomson Reuters (First Call) were $1.39 non-GAAP EPS and $9.75 billion in revenue. Its gross margin was 34.7%, equal to the year-ago quarter.
Among the highlights:
- The company sold 2,524,000 Macs, 9% growth;
- The company sold a record 22,727,000 iPods, 3% growth;
- The company sold 4,363,000 iPhone units, 88% growth.
Steve Jobs called this the first $10+ billion revenue quarter, and CFOPete Oppenheimer said the company generated $3.6 billion in cash duringthe quarter.
The company issued guidance of $0.90 to $1.00 non-GAAPEPS and revenue of $7.6 billion to $8.0 billion. Consensusestimates for the coming quarter are $1.13 non-GAAP EPS and $8.20billion in revenue.
Shares closed up almost 6% at $82.83 in regular trading, and shares soared 10% at $91.10 in the initial reaction to the data.
Jon C. Ogg
January 21, 2009
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
