Apple (AAPL) Slammed Nearly 5% on Q1 Results, Muted iPhone Number
Shares of Apple, Inc. (NASDAQ: AAPL) are immediately down 4.8 percent following disappointing first quarter results after the close Wednesday.
Apple reported Q1 EPS of $13.81, $0.37 better than the analyst estimate of $13.44. Revenue for the quarter came in at $54.51 billion versus the consensus estimate of $54.73 billion.
Apple sees Q2 revenues of $41-$43 billion versus the consensus of $45.63 billion.
Apple also sold a record 22.9 million iPads during the quarter, versus the consensus of 22.4 million on average, with a range of 18.4-26 million.
Apple reported Q1 EPS of $13.81, $0.37 better than the analyst estimate of $13.44. Revenue for the quarter came in at $54.51 billion versus the consensus estimate of $54.73 billion.
Apple sees Q2 revenues of $41-$43 billion versus the consensus of $45.63 billion.
The Company sold a record 47.8 million iPhones in the quarter, versus the Street consensus of 47.8 million with a range of 43.1-53 million
Apple also sold a record 22.9 million iPads during the quarter, versus the consensus of 22.4 million on average, with a range of 18.4-26 million.