AfterDawn: News

Apple reports quarterly earnings and shockingly guides down

Apple shares are down a whopping 7 percent today following an earnings report that disappointed investors.

Overall revenue was up 33 percent year-over-year to $49.6 billion and profits increased 45 percent year-over-year to $10.7 billion.



Surprisingly, iPhone sales were a bit soft, at 47.5 million compared to analyst expectations of 48.8-50 million, which is part of the reason why the stock is getting killed. iPads continued their decline, down 18 percent year-over-year to 10.9 million units sold. Macs were slightly lower than expectations, as well, at 4.8 million units sold compared to 4.9 million analyst expectations.

The big hit came when Apple had to forecast their revenue for next quarter. Analysts were expecting $51 billion or higher but Apple guided a range of $49 billion to $51 billion, a rare pessimistic forecast for the tech giant.

Source:
Apple

Written by: Andre Yoskowitz @ 21 Jul 2015 21:31

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• 3 comments

• pensfan12

  It will be interesting to see the watch sales numbers when they finally release them.
  

  
  

  22.7.2015 06:45 #1

• aw2600

  Apple has stated that they will not release specific sales numbers for the Apple Watch. Watch sales will be combined in the "other" category that also includes iPods and Apple TVs.
  

  22.7.2015 07:50 #2

• mightyzog

  The declining sales numbers are really not at all surprising. I believe the market saturation has been happening for many years now. I would have to look back but didn't Samsungs number of units come up short this year also??

  22.7.2015 12:30 #3