Live Apple Earnings: Results Good, but Forecast Not Great
Apple (NASDAQ:AAPL) closed the regular session on Monday up 0.74 percent at $529.88 per share and fell as much as 2.2 percent in post-market trading after reporting fiscal fourth-quarter financial results.
Revenue grew 4.2 percent to $37.47 billion, beating the mean analyst estimate of $36.84 billion, and the company’s own guidance of between $34 and $37 billion. Earnings fell 4.7 percent on the year to $8.26 per diluted share, also beating the mean analyst estimate of $7.93 per share. Gross margin shrank 3 percentage points on the year to 40 percent, but was consistent with guidance. International sales accounted for 60 percent of total revenue.
Apple provided fiscal first-quarter revenue guidance in a range between $55 and $58 billion, growth of between 1 and 6.8 percent. Gross margin is expected in a range between 36.5 and 37.5, down from 38.6 percent in the first-quarter of 2012.
Apple reported 33.8 million iPhone sales, up about 25.6 percent on the year. iPad sales increased 0.7 percent to 14.1 million, and Mac sales declined 6.1 percent to 4.6 million.
Apple reported enormous growth in Japan, where revenues climbed 41 percent on the year. Revenue grew 6 percent in China, which is good, but not great. Revenues climbed 1 percent in the Americas and were flat in Europe.
Here are some highlights from the earnings call: