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Photo Credit: ELIJAH NEWS / AFP / Getty Images
A boy makes faces by testing the Animoji feature on an iPhone X at the Apple Store Union Square.] Apple is the latest to report from FAANG (Facebook, Apple, Amazon, Netflix and Google / Alphabet). After disappointing results from Facebook and Netflix, and positive from Amazon and Google / Alphabet, Apple is the break in equality for the group.
The stock is trading around $ 197, up almost 4%, on the secondary market .It went into the report in a very neutral technical position with an RSI, or Relative Strength Index, of 50.8 (50 showing no overbought) The most positive results are iPhones and Services, with gross margins also being critical, with business being the most important for the quarter prospects and stimulates profits. spent by Apple to buy back shares will be a critical figure in the cash flow statement.
June quarterly forecast vs actual figures
The June quarter business turnover of $ 53.3 billion (17% annual growth) compared with 51.5 to 53.5 billion dollars (Street at $ 52.3 billion) was positive. 19659005] Gross margin of 38.3% versus 38.0% to 38.5% was in line with expectations
EPS of $ 2.34 (up 40% per year) compared to expectations $ 2.10 to $ 2.16 (Street at $ 2.18) is an important rhythm.
However, nickel came in at $ 672 million, compared to a forecast of $ 400 million. And $ 0.03 was attributable to a tax rate of 13.3% over the forecast of 14.5%. A number of shares lower than expected (it decreased 140 million shares) added another penny. "Clean" EPS was $ 2.25, up 35%. Always a strong pace compared to expectations, not just as important.
Apple spent $ 20 billion to buy back shares, a little less than the $ 23.5 billion last quarter. At this rate, the company will burn its $ 100 billion buyback program in the middle of 2019.
History of Apple stock repurchases Report of the company Apple [19659002] iPhone sales of 41.3 million units slightly below expectations of 42 million, however, two key points need to be taken into account. First of all, chain stocks decreased by 3.5 million units, so sales were 44.8 million.
More importantly, its average selling price was $ 724. It's only a 1% drop from the ASP of $ 728 in the March quarter and much less than the 7% drop in ASP over the past two months. last years. The iPhone X has to sell well.
Service revenues were $ 9.5 billion, up 31%. Even with a single profit of $ 236 million, it increased by 28%. China 's $ 9.6 billion business turnover grew 19% year – on – year, a little better than the 17% growth of the total business number of the company
19659018] Apple country and product sales Apple business report
Revenue from 60 to 62 billion dollars against 59.6 billion dollars (55.9 to 63.1 billion dollars) is a little better than expected. ] The gross margin rate of 38.0% to 38.5% is the fourth consecutive quarter for this measure and is about expectations
A year ago, EPS for the quarter was $ 2.07 . With a forecast of $ 2.66 to $ 2.83, with a median of $ 2.74, it is expected to increase by 32%, and is well above $ 2.65 (from $ 2.43 to $ 2.86). Since Apple generally beats the top of the BPA forecast range, profitability looks very good for the company
. At the mid-point, the EPS of FY 2018 is expected to be $ 11.75. With a stock of $ 197 on the aftermarket, his PE multiple is 16.8
Apple's 3-year price chart StockCharts.com [19659002]
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A boy makes faces by testing the Animoji feature on an iPhone X at the Apple Store Union Square Photo credit: ELIJAH NEWS / AFP / Getty Images
Apple is the last to report the FAANG (Facebook, Apple, Amazon, Netflix and Google / Alphabet.) After disappointing results from Facebook and Netflix, and positive from Amazon and Google / Alphabet, Apple is breaking the tie for the group
June forecast vs actual results
June quarterly turnover of 53.3 billion (17% annual growth) vs. The gross margin of 38.3% against an orientation of 38.0% to 38.5% was entirely in line with expectations.
EPS of $ 2.34 (up 40%) (1965)
However, nickel was due to other income amounting to $ 672 million against a forecast of $ 400 million . And $ 0.03 was attributable to a tax rate of 13.3% over the forecast of 14.5%. A number of shares lower than expected (it decreased 140 million shares) added another penny. "Clean" EPS was $ 2.25, up 35%. Always a strong pace compared to expectations, not just as important.
Apple spent $ 20 billion to buy back shares, a little less than the $ 23.5 billion last quarter. At this rate, the company will burn its $ 100 billion buyback program in the middle of 2019.
History of Apple stock repurchases Apple report of activity
The iPhone sales of 41.3 million units slightly below expectations of 42 million, however, two key points need to be taken into account. First of all, chain stocks decreased by 3.5 million units, so sales were 44.8 million.
More importantly, its average selling price was $ 724. It's only a 1% drop from the ASP of $ 728 in the March quarter and much less than the 7% drop in ASP over the past two months. last years. The iPhone X has to sell well.
Service revenues were $ 9.5 billion, up 31%. Even with a single profit of $ 236 million, it increased by 28%. China 's $ 9.6 billion business turnover grew 19% year – on – year, a little better than the 17% growth of the total business number of the company
19659044] Apple country and product sales Apple business report
Revenue from 60 to 62 billion dollars compared to the street at $ 59.6 billion ($ 55.9 to $ 63.1 billion) is a little better than expected. ] The gross margin rate of 38.0% to 38.5% is the fourth consecutive quarter for this measure and is about expectations
A year ago, EPS for the quarter was $ 2.07 . With a forecast of $ 2.66 to $ 2.83, with a median of $ 2.74, it is expected to increase by 32%, and is well above $ 2.65 (from $ 2.43 to $ 2.86). Since Apple generally beats the top of the BPA forecast range, profitability looks very good for the company
. At the mid-point, the EPS of FY 2018 is expected to be $ 11.75. With a stock of $ 197 in the aftermarket, his PE multiple is 16.8
Apple price chart at age 3 StockCharts.com
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