Apple (AAPL) Analysts Mostly Pleased with Numbers and Outlook
A handful of analysts weighed in on Apple (NASDAQ: AAPL) following results after the close. Apple reported Q4 EPS of $1.96, $0.08 better than the analyst estimate of $1.88. Revenue for the quarter came in at $51.5 billion versus the consensus estimate of $51.12 billion. iPhone units were 48.05M compared to consensus of 48M, Mac units were 5.71M compared to expectations of 5.7M and iPad units were 9.9M versus expectations of 10.5M. Apple sees Q1 revenue of $75.5 billion to $77.5 billion versus the consensus of $77.14 billion.
Below are some highlights:
Stifel's Aaron Rakers: "Given the recent negative forward looking supply-chain data points, we believe Apple’s F4Q15 results and, more importantly, F1Q16 outlook should be viewed as a net-positive."
Drexel Hamilton's Brian White: "Given the heightened anxiety leading into today's report, we are pleased with Apple's performance."
RBC Capital's Amit Daryanani: "... given the negative expectations we think their Dec-qtr guide, which is inline with street expectations at mid-point and implies ~3% y/y revenue growth will be perceived positively given rather difficult compares they had. Though it appears to us revenue print/guide is getting helped by ASP tailwinds on iPhones, while unit expectations appear inline to plan."
Mizuho's Abhey Lamba: "We think that in-line results are largely expected at this point with investors focusing on potential deceleration in iPhone shipments over the next few quarters."