Gross margins came in at the high end of range, which is the real driver for the shares in the after-hours, currently +5% to a record $157 and some change.
Here are some highlights.
Q3 iPhones of 41.0 mln vs 41.1 mln ests versus 47.5 mln last year.
Q3 iPads of 11.4 mln vs 9 mln ests vs 10.9 mln last year.
Q3 Macs of 4.3 mln vs 4 mln ests vs 4.4 mln last year.
Thanks to free cash flow, Apple’s cash hoard grew from $256 billion reported last quarter to a new record of $261 billion. With a market cap of ~$800 billion, their cash now represents roughly 30% of it’s overall value.
Apple related stocks include:
CRUS, INVN, SWKS, QRVO, QCOM, NXPI, AVGO, TXN, KYO, OLED
Other notable after hours reports include: FEYE +5.5%, DXCM +7%, PXD -5.5%, EYES +7%, FMI +7%, ILMN +7%, BOOT +6%, TEX +4%, FANG +2.5%, ULTI -13%, BGFV -13%, COHR -12.5%, FTR -10%, SPWR -10%, HLF -3%.
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And this with a phone that’s basically been out for almost 3 years. Pretty amazing.
The form factor hasn’t changed much but internally it’s a completely different phone, and fantastic.
I don’t know how they keep it up but man do they ever.
What a ridiculous load of cash. I don’t think AAPL holders have much to complain about, but that amount of slush tends to make executives sloppy.
is it every 2 generations that are big sellers? people are skipping a generation when buying phones/ipads.
Still holding shares from 6 years ago – i’ll be richer than Trump soon you Trumptards.
There’s nothing wrong with your optimism, but to think that your AAPL odd lot is a fortune is completely unrealistic.
AAPL’s cash is hugely misleading. Their debt has risen from $25B to $75B over the last 3 years while they have been growing their cash hoard. Apple can’t repatriate a huge chunk of their cash so they issue debt to offset the cash growth. However, it’s still a lot of cash…..