Apple (AAPL) Tops Q4 EPS by 11c; Issues Solid Outlook
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Apple (NASDAQ: AAPL) reported Q4 EPS of $1.42, $0.11 better than the analyst estimate of $1.31. Revenue for the quarter came in at $42.12 billion versus the consensus estimate of $39.85 billion.
The company sold 39.27 million iPhone units (versus the consensus of 37 - 38 million), 12.31 million iPad units (versus the consensus of 12 million), 5.52 million Macs (versus the consensus of 4.6 million), and 2.64 million iPods.
Apple sees Q1 2015 revenue of $63.5 - $66.5 billion, versus the consensus of $63.52 billion, and expects gross margin of 37.5 - 38.5 percent.
“Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus,” said Tim Cook, Apple’s CEO. “With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”
“Our strong business performance drove EPS growth of 20 percent and a record $13.3 billion in cash flow from operations in the September quarter,” said Luca Maestri, Apple’s CFO. “We continued to execute aggressively against our capital return program, spending over $20 billion in the quarter and bringing cumulative returns to $94 billion.”
For earnings history and earnings-related data on Apple (AAPL) click here.
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