Apple beats by $0.20, beats on revs; guides Q1 rev midpoint above consensus
- Reports Q4 (Sep) earnings of $3.03 per share, $0.20 better than the S&P Capital IQ Consensus of $2.83; revenues rose 1.8% year/year to $64.04 bln vs the $62.86 bln S&P Capital IQ Consensus; gross margin of 37.9% vs 37.9% ests and guidance of 37.5-38.5%.
- iPhone revenue -9% to $33.4 bln vs $32.5 bln ests
- Services +18% to $12.5 bln; services gross margin of 64.1% vs 64% ests
- iPad +17% to $4.65 bln;
- Wearables, Home and accessories +54% to $6.5 bln
- Americas rev +7% to $29.3 bln, Europe -3% to $14.95 bln, China -2% to $11.1 bln; Japan -3% to $4.98 bln, APac +7% to $3.66 bln.
- Co issuesupside guidancefor Q1, sees Q1 revs of $85.5-89.5 bln vs. $86.21 bln S&P Capital IQ Consensus; gross margins 37.5-38.5% vs 37.8% ests and 38.0% last year