Apple Inc (AAPL) is tasting delicious to investors today after reporting impressive Q2 (Mar) earnings results last night. The headline numbers were quite good.
Apple reported a huge $0.42 EPS beat, well ahead of the $0.27 beat reported last quarter. Probably even more impressive was revenue jumping 53.6% yr/yr to a new MarQ record high of $89.58 billion, well above the $76.84 billion consensuses. Mac and Services delivered all-time record results, and Apple set new MarQ records for iPhone and Wearables sales.
Apple performed very well across its bevy of offerings, with strong double-digit growth in several product categories: iPhone sales jumped 66% yr/yr to $47.9 billion vs. $41.0 billion estimates; Mac sales jumped 70% yr/yr to $9.1 billion vs $6.6 bln tests
.iPad sales increased 79% yr/yr to $7.8 billion vs $5.7 billion ests; Wearables sales rose 25% yr/yr to $7.8 billion vs $7.6 billion estimates; and finally, Services revenue rose 27% yr/yr to $16.9 billion vs $15.7 billion estimates.
AAPL stock has erased its entire morning gains and now down by 0.30% at $133.18, off a session high of $137.07.