Pre Release:
- first time since 2001 that Apple will report a decline in its most critical quarter
- Options showing an implied 5.6% one-day change.
- Slightly higher than the average move of 4.4% following the last eight releases
- Shares traded down on day on average volume
- Market Cap is now below AMZN, GOOG, and MSFT
Numbers:
- cash on hand(net not gross) $130 Billion
- 1Q EPS $4.18, Est. $4.17
- 1Q Rev. $84.3B, Est. $83.97B
- 1Q Service Rev. $10.88B
- 1Q China Rev. $13.17B down big from $17.9 last year
Revenue by Product:
- iPhone: $52 billion
- Services: $10.9 billion
- Mac: $7.4 billion
- Wearables/Home/Accessories: $7.3 billion (up from 5.5 billion last year)
- iPad: $6.7 billion
- reportedly returned $13 billion via buy backs and dividends last quarter
Forward Numbers:
- 2Q Rev. $55B to $59B, Est. $58.97B
Misc:
- suppliers up slightly
- North America grew revenues.
- user base is at 1.4 billion, impressive that they rival FB in metrics like this when FB is free and iPhones are most decidedly not.