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