Market Overview

Apple's iPhone, iPad And Mac Sales All Missed Estimates

Share:
Related AAPL
If Apple's Recent Hires Are Any Indication, The Apple Car Is A Priority
Half Of The FANG Stocks Have Reported Earnings; What Are Analysts Expecting From Amazon And Google?
Amazon, Alphabet Crush Earnings; Oracle's (Questionable) Acquisition; Twitter EStreams -- Tech Roundup (Seeking Alpha)

Apple Inc. (NASDAQ: AAPL) just released its much-anticipated holiday quarter report. The tech giant reported Q1 EPS of $3.28 versus analyst expectations of $3.23. Revenue came in at $75.87 billion, below the $76.59 billion estimates.

Notably, Apple missed sales expectations on all three of its major products:

  • iPhone: 74.78 million vs. 75.46 million estimates
  • iPad: 16.12 million vs. 17.93 million estimates
  • Mac: 5.3 million vs. 5.8 million estimates

Shares were volatile in the after-hours session, last trading down about 0.99 percent at $99.

Check back soon for more highlights from Apple's earnings report. Also, don't miss Piper Jaffray analyst Gene Munster Wednesday morning on PreMarket Prep to discuss Apple's call.

Posted-In: iPad iPhone MacEarnings News After-Hours Center Tech

 

Related Articles (AAPL)

View Comments and Join the Discussion!