For the quarter ended Dec 31st, Apple reported revenues of USD 46.3bn (up 73% y-o-y) and an EPS of USD 13.87 (up from USD 6.43 in the same period one year ago). Analysts were expecting revenues of USD 38.85bn and EPS of USD 10.08.
Apple said it shipped 37.04 million iPhones for the quarter, far ahead of the average analysts’ forecast for just more than 30 million units sold. In a call with analysts, Apple CEO Tim Cook said the company made a “very bold bet” with its manufacturing targets for the iPhone 4S, but still came up short on supply amid heavy demand for the device.
Shipments of the iPad totaled 15.43 million units; analysts were expecting about 13.8 million units. That more than doubled from 7.3 million iPads in the same period the previous year.
The iPad was believed to have faced its first strong competitive threat in the December quarter from the Kindle Fire, a 7-inch tablet from Amanzon.com that went on sale in mid-November for $199 — about 60% below the price of the cheapest iPad. On the call Tuesday, Cook said the “ecosystem” for the iPad, which includes more than 170,000 specialized apps for the device, is “in a class by itself” and has kept the device competitive against new entrants.
Mac shipments came in at 5.2 million units, in line with forecasts. Shipments of the iPod totaled 15.4 million units. For the current quarter, Apple projected revenue of $32.5 billion with earnings per share of $8.50, adding that the quarter includes 13 weeks. Analysts were expecting revenue of $32 billion with earnings per share of $8.02, according to consensus forecasts.
Once again a very very impressive performance from Apple. We think there is a clearly positive read-across to mobile gaming developers such as G5 Entertainment and Glu Mobile. The fact that both iPhone and iPad sales both surprised massively on the upside is very encouraging as their continued growth comes amid a simultaneous growth of Android devices (such as the Kindle Fire). The base of smartphones and tablets keeps on growing and growing and people want to fill their devices with high-quality apps.