Apple beats estimates, shares jump 6% after hours

Apple beats estimates, shares jump 6% after hours
Selling a higher than expected 35 million units of the Apple iPhone, Apple reported $12.30 a share in earnings for its fiscal second quarter crushing expectations of $10.04. The strong report sent Apple's shares up more than 6% in after-hours trading after the stock dropped over 2% during the regular trading session. Revenue for the quarter came in at $39.2 billion, ahead of analyst's estimates of  $36.85 billion.

35 million units of the Apple iPhone were sold last quarter

35 million units of the Apple iPhone were sold last quarter

For its third fiscal quarter ending in June, Apple called for revenue to drop to $34 billion and earnings per share to come in at $8.68. As usual, Apple is trying to downplay results as analysts are looking for Q2 revenue to come in at $37.4 billion and EPS at $9.95. Apple iPhone sales could slow down in this period as buyers wait for the next-generation model of the smartphone which will probably launch in October.

Besides beating estimates on iPhone sales, Apple sold 11.8 million units of its Apple iPad tablet, short of the 12-13 million tablets that Wall Street expected to be sold.

As of 4:45pm EDT, Apple shares were up over 6% to $598.

source: DowJones

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37 Comments

1. HDi.iNi

Posts: 1; Member since: Apr 05, 2012

what is this ?

7. pongkie

Posts: 663; Member since: Aug 20, 2011

it means stockholders are happy

22. jroc74

Posts: 6023; Member since: Dec 30, 2010

Apple stock is probably the only thing I would want from Apple. Tried an iPhone, havent tried an iPad yet, tried OS X. Not hating....just keeping it real. I WISH I woulda got Apple stock in 2009, 2010....

2. abdane

Posts: 507; Member since: Oct 07, 2011

okay and ? i dont get it... whats important ? o.O

25. Lift_Off

Posts: 152; Member since: Apr 04, 2012

smh...

3. tward291

Posts: 559; Member since: Feb 14, 2012

who else can do that but apple gotta face people will buy it over any other phone

4. networkdood

Posts: 6330; Member since: Mar 31, 2010

....like the blinder following the blind

11. taco50

Posts: 5506; Member since: Oct 08, 2009

If anyone is a follower it's android users as android has more marketshare. If you use android you follow the masses.

16. sithman

Posts: 299; Member since: Apr 21, 2012

U got em with that one taco. Android users dis us apple users, yet they r as faithful to android as we r to apple. It's the same thing from the other side of the fence. All u hear android users talk about is the next big thing from google quad core, 6 in. screen etc, but let us discuss the next big apple device, and we're automatically ish**p. That's called hypocrisy.

24. Sniggly

Posts: 7305; Member since: Dec 05, 2009

No, sithman, you have it completely wrong. There is nothing wrong with being excited for the next generation of devices from your preferred company. What we call "iSheep" are the imbeciles who declare that Apple is the best there ever was without giving any credit to the accomplishments and quality of other products, and who often do so with limited or zero experience of the competitors they are dissing.

29. jroc74

Posts: 6023; Member since: Dec 30, 2010

Exactly. Give Apple credit where its due. But also do the same for others. The last part is what doesnt happen alot with pro Apple and iPhone folks.

19. gwuhua1984

Posts: 1237; Member since: Mar 06, 2012

Guess it goes both ways... if not 3 ways including WP users.

28. jroc74

Posts: 6023; Member since: Dec 30, 2010

We will be going on a merry go round with this for ages I see...lol. Matter of perspective: Android has so many choices. Apple has one iPhone per version. That 1 version of iPhone outsells every previous version. Apple always breaks some previous sales mark for the iPhone and iPad. Thats like saying ppl that use different PC's that run Windows are followers. Ppl are following the OS? I guess you are right then. Get an iPhone and you are following the OS and hardware.

5. Santi_Santi unregistered

i used to think that PA showed us some cool news... this is not cool

6. taco50

Posts: 5506; Member since: Oct 08, 2009

Bye bye remix... can't say it was nice knowing you

9. taz89

Posts: 2014; Member since: May 03, 2011

so what did apple make you some money that you so happy lol kidding another great quater by apple no real surprise...wont see a drop until heavy rumours of the ''new iphone'' starts hitting really hard.

10. taco50

Posts: 5506; Member since: Oct 08, 2009

Me and Remix have a bet. Samsung vs Apple for who sells the most smartphones this last quarter. If Samsung loses Remix will never post again and if Apple loses I agreed to not post anymore. We already know Samsung sales are weak in the US when you look at the high percentage of iPhones sold on AT&T and Verizon. Sprint will be the same story. Apple had their fastest international launch ever so they'll have big international sales also. Don't see Samsung beating them considering they didn't release anything new other than the Note.

12. NaRFL

Posts: 25; Member since: Apr 09, 2012

baaaa baaaaa!

21. Giggity

Posts: 147; Member since: Nov 17, 2011

Don't jump to the conclusion yet! Samsung is expected to release the Q1 earning result later this week

27. Cyan3boN

Posts: 446; Member since: Feb 23, 2012

that is so bad, remix is such a techie, i read all his comments bcas it has some logic and matter. not like some trolls.

33. remixfa

Posts: 14605; Member since: Dec 19, 2008

aww. thanks. dont worry, im not going anywhere. Taco doesnt know how to read and compare. :)

32. remixfa

Posts: 14605; Member since: Dec 19, 2008

TACO, your dreaming. Samsung had a monster quarter as well.. but unlike apple, total sales went UP. Apple beat estimates of its downward trend on the hockey stick line, but still sold LESS than it did in Q4 2012. Samsung sold MORE than it did in Q4 2012. So yea.. its been.. almost.. nice knowing ya. the boards are going to be so quiet without ya.

30. khanmhsn

Posts: 25; Member since: Apr 11, 2012

baaaaaaa......baaaaaaaaaaaa

23. Sniggly

Posts: 7305; Member since: Dec 05, 2009

Samsung hasn't released its results yet. Also, at least one source has reported results of 41 million smartphones sold by Samsung. Also, do you really expect us to believe that if you lose you'd honor your agreement? You haven't exactly proven your integrity here.

37. gwuhua1984

Posts: 1237; Member since: Mar 06, 2012

Looks like the competition between you and Remix is over... Samsung is estimating 44 billion devices sold in 1st quarter of 2012.

8. jmoita2

Posts: 930; Member since: Dec 23, 2011

Hurry Taco,sell everything you have and buy a ton of Apple stock!!! You can still get in on the debacle that's right around the corner. And by all means,tell all your iPhone owning friends to do the same!!!

13. eyephone

Posts: 69; Member since: Apr 05, 2012

Not bad 6%....

14. APPLE_ROYALLY

Posts: 25; Member since: Apr 24, 2012

We like that!

20. OhSo3D

Posts: 39; Member since: Feb 22, 2011

I personally don't think the iPhone is the right device for me, but Apple is the definitive King of Marketing. They can make you think that you absolutely need their product, and their exponential growth is a phenomena and I highly respect them as a company from a business standpoint.

31. jmoita2

Posts: 930; Member since: Dec 23, 2011

Sure... It's called propaganda. You see,hear and are exposed to it 24/7 and it works on most people. They have also enslaved thousands of people in the process. Therefore,I do not respect them as a company from a business standpoint.

* Some comments have been hidden, because they don't meet the discussions rules.

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