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Just when the world was ready to bury Apple, the company delivered a strong beat on revenue, earnings per share, and, perhaps most important, iPhone sales.
Let's get right to the big numbers everyone cares about:
Revenue: $45.6 billion, up 4% year over year, versus $43.6 billion expected by analysts.EPS: $11.62, up 15% year over year, versus $10.16 expected by analysts.iPhones: 43.7 million, up 17% year over year, versus 37.7 million expected by analysts.iPhone ASP: $596 versus $610 expected by analysts.iPads: 16.35 million, down 16% year over year, versus 19.7 million units expected by analysts.iPad ASP: $465 versus $430 expected by analysts.Macs: 4.1 million versus 4.03 million expected by analysts.iPods: 2.76 million versus 2.99 million expected by analysts.Gross Margin: 39.3% versus 37.7% expected by analysts.Q3 Revenue: $36 billion to $38 billion versus $38.1 billion expected by analysts.Apple also announced a 7-for-1 stock split, and an increase in its buyback program and dividend.
Even regarding the iPad hitting a (hard) wall : "He said it's the fastest-growing product in Apple's history. Apple has sold 210 million iPads since launch, which is almost double the iPhone at the same point in its life. He also said that it's seven times what the iPod was at this point in its life. He said customer satisfaction was 98, which is unheard of. He said it's 95% of the U.S. education market. It's in virtually all of the Fortune 500 companies. He says engagement is off the charts and well ahead of Android.
And so, if you look at the iPad from that perspective, it's still a strong, healthy business and it has a bright future, says Cook. He still thinks the tablet will surpass the PC in the coming years, and he thinks Apple is positioned to benefit."