Apple ’s first quartern earnings are in . According to Bloomberg News , Apple made $ 13.1 billion in profit on $ 54.1 billion in tax revenue . It sell an absurd 47.8 million iPhones and 22.9 million iPads — both records . Somehow , this is a dashing hopes .
Apple has been fighting off rumors of lagging interest in its products — iPhone and iPad specifically — for weeks now . The $ 54.1 billion escape the $ 54.88 market approximation , and the company ’s parentage extend to fall after hitting a disk back in September . But these numbers really foreground the level of scrutiny ( and , yes , idiotic hype ) Apple face , do records in sales and receipts and still disappointing everyone . Especially since this quarter was made up of 13 weeks , while last year ’s Q1 was 14 weeks .
For source , last class over the same period , Apple made a net income of $ 13.06 billion on $ 46.33 billion in revenue . It sell 37 million iPhones and 15 million iPads , both phonograph record at the time , and both obliterated by today ’s results . ( Though this yr ’s iPad figure in all likelihood includes the newfangled iPad Mini ; we ’ll update as that ’s made clear . ) So gain is down , slightly , but this is n’t a casing of Apple adopt a dive so much as leveling off . It trade 833,333 iOS devices — iPhones , iPads , and iPods — PER DAY . Its on - hand Johnny Cash ( which you should observe does not mean “ immediately spendable ) grew to $ 137 billion .
That ’s not to say there ’s nothing disappointing to come out of the profits . Apple miss its idea on Mac sales agreement , 4.1 million , light of the 5.1 million estimate . But it ’s been a long prison term since Macs have been Apple ’s cash cow . And mayhap more importantly than individual sales , Apple made gains in of import markets like China , where iPhone sales event more than double from last twelvemonth . Stock Leontyne Price are hooked on uphold impulse and Apple ’s gaga emergence in sale and net set expectation stupidly eminent . Just do n’t think this means Apple ’s go anywhere any time before long .
Apple ’s earnings call is happening now and we ’re listen in for anything interesting . [ Bloomberg ]
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