Mac, iPad sales push Apple to record revenue

Apple Earnings : Apple Crushes It, Sells 3.27 Million iPads In June Quarter

Apple totally crushed it last quarter as expected, and even Apple’s guidance is impressive.

iPad, Mac, and iPod shipments were all stronger than expected: Apple shipped 3.27 million iPads, 3.47 million Macs, and 9.4 million iPods during the June quarter.

The strong Mac number means that iPads are not (yet) cannibalizing the Mac business — an especially good sign.

iPhone shipments came in a little weaker than some estimates — 8.4 million, due in part to inventory issues. Still, pretty good, considering that the iPhone 4 didn’t launch until the very end of the quarter, in limited quantities, and considering Google Android’s rise as a fierce competitor.

On the company’s earnings call, COO Tim Cook said that Apple is making iPhone 4s as fast is it can, and despite “Antennagate,” it’s selling every iPhone 4 that it can make. And obviously the company is not creating the inventory shortages as a way to build buzz, he said.

Overall, the company earned $3.25 billion on $15.7 billion of revenue in the June quarter. Shares increased 2% in after-hours trading.

But everyone knew Apple was having a good quarter. So how about its guidance for the September quarter? It looks like Apple is not expecting much of a pinch from “Antennagate” — it is forecasting a whopping $18 billion in revenue for next quarter, and $3.44 EPS.

Key Stats:

• Q3 Revenue: $15.7 billion vs. $14.75 billion Street consensus, $15.74 billion high Street estimate, $13.2 billion guidance
• Q3 EPS: $3.51 vs. $3.11 Street consensus, $3.47 high Street estimate, $3.28 “real” estimate, $2.34 guidance
• Q3 iPhone shipments: 8.4 million vs. 8.7 million Street consensus, 9.5 million Munster/Piper estimate, 8.8 million Andy Zaky estimate
• Q3 iPad shipments: 3.27 million vs. 3.2 million Munster/Piper estimate, 3.4 million Andy Zaky estimate
• Q3 Mac shipments: 3.47 million vs. 3.1 million Street consensus (could be upside because of favorable NPD numbers, which came out last night), 3.36 million Andy Zaky estimate
• Q3 iPod shipments: 9.4 million vs. 9.1 million Street consensus
• Q4 Revenue guidance: $18 billion vs. $17.03 Street consensus, $16.1 Munster/Piper expectations
• Q4 EPS guidance: $3.44 vs. $3.82 Street consensus, $3.30 Munster/Piper expectations

Source : Businessinsider

No related posts.