Consumer Electronics
Apple Shines, Amazingly No Worms (AAPL)
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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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