Apple Beats Q4 Earnings But Guides Lower On Q1 Margin Sending Stock Lower

Moments ago, AAPL beat the top and bottom line as follows:

  • Q4 EPS of $8.26, Est. $7.92
  • Q4 Revenues of $37.5 billion, Est. $36.84
  • Q4 gross Margin: 37.0% vs Est. 36.9%
  • See Q1 revenue $55-58 billion, on expectations 55.5 billion
  • iPhone sales 33.8 million vs Est. 32.8 million
  • Mac Units shipped 4.6 million vs Est. 4.3 million

That was the good news: the bad is as follows:

  • IPad sales of 14.1 million missed estimates of 14.3 million
  • Q1 margin between 36.5-37.5%, below the street estimate of 37.74%, which is what according to some is pushing the stock lower after hours

Welcome to the commodity world: after all this is what AAPL wanted with the 5C right?

The breakdown of the components – Margins:




And sales by product:

And the after hours action: first pump, then dump.



via Zero Hedge Tyler Durden

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