Apple results are out, company authorizes $90 billion in share buybacks

[pushkin]

Here are the results:

• EPS: $1.52 vs. $1.43 estimated
• Revenue: $97.28 billion vs. $93.89 billion estimated, up 8.59% YoY
• iPhone revenue: $50.57 billion vs. $47.88 billion estimated, up 5.5% YoY
• Services revenue: $19.82 billion vs. $19.72 billion estimated, up 17.28% YoY
• Other Products revenue: $8.81 billion vs. $9.05 billion estimated, up 12.37% YoY
• Mac revenue: $10.44 billion vs. $9.25 billion estimated, up 14.73% YoY
• iPad revenue: $7.65 billion vs. $7.14 billion estimated, down 1.92% YoY
• Gross margin: 43.7% vs. 43.1% estimated

 

[beliefbite]

@pushkin Close to 100 billion $ revenue in a “quarter”. Bloody hell. I think RIL does 60-70b $ in a year?

 

[pushkin]

@beliefbite Their December quarter revenue usually crosses $100 billion mark. Last quarter Apple reported all-time high revenue of $123.9 billion.

Reliance did $61 billion in revenue last year.

 

[david77777]

@beliefbite AAPL is safer than any index fund. It's literally a cash cow.

 

[sunflower7601]

@david77777 In a 30 year time frame Index ETF will always be safer.

 

[rmakolomi]

@david77777 If we’d have bought a share with every iPod..

 

[resjudicata]

@beliefbite Their cash reserve is also bigger than most countries' hence why their corp bond is safer than some countries'

 

[love2teach]

@pushkin Hey OP, any place on internet to find results like these for upcoming results? Anything you would recommend?

 

[pushkin]

@love2teach I use Yahoo Finance to track my portfolio. They have a tab for earnings calendar that shows me past and upcoming earnings for the companies I follow and other companies. And they also send important notifications for the companies that I follow.