--> AAPL -6.8% after hours
Reports Q3 (Jun) earnings of $1.85 per share, $0.04 better than the Capital IQ Consensus of $1.81; revenues rose 32.5% year/year to $49.6 bln vs the $49.39 bln consensus.
iPhones 47.5 mln vs ~48 mln ests vs 35.2 mln last year
iPads 10.9 mln vs ~10.8 mln ests vs 13.3 mln last year
Macs 4.8 mln vs ~4.7 mln ests vs ~4.4 mln last year
Watches (not disclosed, as expected) ests 4.1 mln
AAPL sees Q4 gross margins of 38.5-39.5% vs ~39% ests vs 38% last year.
Q3 gross margins of 39.7% vs ~39.5% ests (guidance 38.5-39.5% vs 39.4% last year).
Co issues downside guidance for Q4, sees Q4 revs of $49-51 bln vs. $51.03 bln Capital IQ Consensus; gross margin 38.5-39.5% vs. ~39% ests.