Apple results, for their Q3 2013 were released last night around 9.30 pm BST followed fairly rapidly by their Conference Call at 10pm BST (2pm PST).
ROUNDUP am July 24
- Press release – Earnings release
- SEC quarterly results filing
- Conference call replay / Webcast
- Share price (WSJ) – It was up about 4% at $435 last night in after hours trading
- Conference call transcript Part 1 -
- Part 2 Q & A session (part – full version to be added on discovery!)
Instant analyst opinions/headlines:
- Bloomberg – Apple plots return to growth
- Financial Times – iPhone sales boost Apple Shares
- Reuters - Strong iPhone sales...
- Wall Street Journal – Demand woes bite Apple
- Our view – Apple JUST managed to show revenue growth this quarter (vs 2012 Q3) Next quarters guidance (mid point of $35.5 bn) would show negative growth for the first time since 2002! We shall see!
UPDATE July 23 – 9.45pm BST – Results announced:
- Revenues $35.3 bn
- EPS $7.47
- Unit sales millions Macs 3.8, iPods 4.6 iPhones 31.2, iPads 14.6
- Guidance Q 4 Revenues $34 – $37 Gross margin 36% -37%
- Share price after hours + 4.6% @ $438 ish (Formal close was at $418.99)
Original post July 23 am
The, sort of, headline figures to look out for we think are:
- If their revenues are less than $35 bn this will be the first year on year quarterly decrease we think since Q4 of 2002!
- Quarter 3 results consensus Revenues / Earnings per share – $34.1 bn / $7.29
- Quarter 4 mid guidance consensus Revenues / Earnings per share – $37.2 bn / $7.87
- The share price continues it’s comparative weakness and closed yesterdays at $426.31 well down from its peak of just over $700 in mid September last year
The source of much of our information is Philip Elmer-Dewitt editor of Apple 2.0 to whom we, and likely many others are indebted. We’ve collated certain of his information and apologise lest we have miscompiled in any way!
Our normal graphic uses simple averages (mean) for the Professional (blue) and Independent (green) figures together with the mid guidance information from Apple. We also add our guesses. We’re going a bit low on some of these.
We will in particular to see if our revenue flatlining prediction continues.
We will report back later after the results are released and the Conference call has taken place. Usually the Q & A session adds value. We shall see, or rather hear, if this continues to be the case!