Apple Falls

Tyler Durden's picture

Major misses everywhere, and this for the second quarter in a row - from the Q3 earnings report:

  • APPLE 3Q REV. $35.02B, EST. $37.25B
  • APPLE 3Q EPS $9.32, EXP. $10.37
  • APPLE 3Q NET PROFIT $8.8B
  • APPLE SEES 4Q REV. ABOUT $34B, EST. $38.01B
  • AAPLE 3Q GROSS MARGIN 42.8%, EST. 43.8%
  • APPLE SOLD 17.0 MILLION IPADS DURING QTR, UNIT EST. 15.4M
  • APPLE 3Q IPOD UNITS SOLD 6.8MLN , DOWN 10%
  • APPLE SOLD 4.0 MILLION MACS DURING QTR, UNIT EST. 4.3M
  • APPLE SOLD 6.8 MILLION IPODS IN QTR, UNIT EST. 6.6M

Third quarter in a row of total revenue declines:

More importantly, in Q3 revenues declined across every geography sequentially:

 

Is the dream over - 4 years of AAPL dividends wiped out in seconds:

However don't cry for Apple: it has $117.2 billion in cash and equvalents: a $7 billion increase in the quarter.

As a reminder, everyone is in this: Nubmer of funds owning AAPL stock

Full breakdown of the 50 most widely held HF stocks per Goldman Sachs: