“After the bell on Tuesday, Apple (AAPL) released its much anticipated second quarter earnings report. Apple had fallen from a high of $644 to just $560 going into earnings,” Bill Maurer writes for Seeking Alpha.
“There had been some concern recently, especially over iPhone sales, with Verizon (VZ) and AT&T (T) reporting iPhone activation numbers that were down big over the prior quarter, when Apple sold 37 million iPhones,” Maurer writes. “This had some worried that Apple would only sell 30 million iPhones, or perhaps less, which would lead to a miss on revenues and earnings.”
Maurer writes, “I was not this pessimistic, and you can see that from my official Apple preview released on Monday.”
If you didn’t catch my preview, here were my headline predictions:
• Revenues of $39.17 billion, EPS of $12.03
• Mac unit sales of 4.75 million, iPhone unit sales of 33 million, iPad unit sales of 11.8 million, iPod unit sales of 8 million
• Q3 guidance of $34 billion in revenues and $9.50 in EPS
Maurer writes, “I was dead on with a few of those predictions…”
MacDailyNews Note: Apple today reported:
• Revenue of $39.2 billion, EPS of $12.30
• Mac unit sales of 4.00 million, iPhone unit sales of 35.1 million, iPad unit sales of 11.8 million, iPod unit sales of 7.7 million
• Q3 guidance of “about $34 billion” in revenues and “about $8.68” in EPS
Read more in the full article here.
MacDailyNews Take: The answer to the headline is: We didn’t and neither did most of the MacDailyNews regulars.
People who underestimate Tim Cook, earnestly or not, are like potholes that cause bags full of filthy, beautiful money to fall out of armored cars right into our laps.
Apple earnings crush analysts’ estimates yet again – April 24, 2012
MacDailyNews presents live notes from Apple’s Q212 Conference Call – April 24, 2012
Apple bulldozes Street with blowout $39.2 billion revenue; shares rocket in after-hours trading – April 24, 2012