The much anticipated Apple earnings report for its second fiscal quarter of 2017 have been released. Here’s a quick breakdown of the numbers by CNBC;
Adjusted EPS: $2.10 per share reported for the fiscal second quarter vs. $2.02 per share expected by a Thomson Reuters consensus estimate
Revenue: $52.9 billion reported vs. $53.02 billion expected by a Thomson Reuters consensus estimate
iPhone unit shipments: 50.8 million vs. 52 million expected by FactSet
Revenue guidance for fiscal Q3: Between $43.5 billion and $45.5 billion vs. $45.6 billion expected, according to a Thomson Reuters consensus estimate
Gross margin guidance: Gross margin between 37.5 percent and 38.5 percent next quarter, Apple forecasts
In the year-earlier period, Apple had earnings per share of $1.90 on revenue of $50.56 billion.
Apple sold fewer iPhones till date as seen in the report. Apple sold 50.7 million iPhones in the last three months compared to 51.1 million iPhones in the same quarter last year. But as with recent earning reports by Apple, services have always rescued Apple making it market capitalization still close somewhere around $775b yesterday.
In the quarter ending March 31st, Appel sold 8.9 million iPads, 4.1 million Macs compared to 10.2 million iPads and 4 million Macs in the same period last year. On the report, Apple CEO Tim Cook says “We are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7 Plus…We’ve seen great customer response to both models of the new iPhone 7 (PRODUCT)RED Special Edition and we’re thrilled with the strong momentum of our Services business, with our highest revenue ever for a 13-week quarter.”
Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.
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