Apple (AAPL) Tops Q1 EPS by 27c, Revs Beat

Apple (NASDAQ: AAPL) reported Q1 EPS of $1.68, $0.27 better than the analyst estimate of $1.41. Revenue for the quarter rose 21% to $111.4 billion versus the consensus estimate of $103.28 billion.

International sales accounted for 64 percent of the quarter’s revenue. Greater China sales were $21.31 billion, versus $13.6 billion last year.

“This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said Tim Cook, Apple’s CEO. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. We are also focused on how we can help the communities we’re a part of build back strongly and equitably, through efforts like our Racial Equity and Justice Initiative as well as our multi-year commitment to invest $350 billion throughout the United States.”

“Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. “These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.”

For earnings history and earnings-related data on Apple (AAPL) click here.

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