margins were really quite strong, surprising most everyone, as the company did a great job keeping down component costs and also was able to keep a lid on costs associated with the ramp of new products.
operating margins topped 20%
international revenue accounted for 44% of the total
cash and investments now total about $31.1 billion, or about $34.60 a share
over 65,000 apps are now available, and customers have downloaded over 1.5 billion apps so far
six new retail stores were opened in the quarter
50% of macs sold were to first-time buyers
the company gave its usual comically conservative guidance, but i think that the next-quarter eps guidance did come in above the whisper numbers; the cfo said eps is expected to fall in the range of $1.18 to $1.23 (vs. $1.30 consensus), and revenue is expected to be $8.7 billion to $8.9 billion (vs. $9.07 billion consensus). gross margins are expected to decline to 34%, and the tax rate should come in around 30%. there was no mention of jobs whatsoever. the only thing management said it was looking forward to was the release of the new snow leopard software.
long aapl
Wednesday, July 22, 2009
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