23 Jul 2013
Apple beats estimates on profit and revenue
FXstreet.com (Barcelona) - Apple shares are trading up 2.5% post NY trading after the company beat estimates in both profit and revenue, supported by better than expected iPhone sales, despite weaker iPad sales.
Going through the numbers, we can see Apple sold 31.2M iPhones in 3Q vs. 26.1M estimates, while the sales of iPads stood at 14.6M vs. 17.4M est. AAPL EPS stood at $7.47 vs expected $7.31$. Apple 3Q Revenue presented a healthy $35.3B vs consensus for $35.04B. Meanwhile, AAPL gross Margins were down to 36.9% from 42.8% Y/Y.
Despite this is seen as the least interesting quarter of the year for Apple, as there were no new products announced during the period, the results have surprised to the upside.
Going through the numbers, we can see Apple sold 31.2M iPhones in 3Q vs. 26.1M estimates, while the sales of iPads stood at 14.6M vs. 17.4M est. AAPL EPS stood at $7.47 vs expected $7.31$. Apple 3Q Revenue presented a healthy $35.3B vs consensus for $35.04B. Meanwhile, AAPL gross Margins were down to 36.9% from 42.8% Y/Y.
Despite this is seen as the least interesting quarter of the year for Apple, as there were no new products announced during the period, the results have surprised to the upside.