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The EPS, revenue and margine may have beat but when looking into the details of the overall results they do not look good at all. 47.5 million iPhone shipments
by randomname2 11y ago
The EPS, revenue and margine may have beat but when looking into the details of the overall results they do not look good at all.
47.5 million iPhone shipments missing expectations by 1.3 million units, even with both iPad (whose ASP came at $415 below the $426 expected), and Mac units coming in as expected.
Greater China sales tumbling by 21% from $16.8 billion to $13.2 billion, in the quarter when the Composite was hitting multi year highs, and the July crash was not even on the horizon.
Guidance now sees Q4 revenue at $49-$51 billion, or below the $51.1 bn consensus estimate, with a warning about the strong dollar.
And all this happened in a quarter in which they bought back $10 billion of its own stock.
In after hours AAPL seems to be down 7% as a result of all this. Which is worrying considering how big of a part of the overall market they are.