Apple
(
AAPL
) has a firm grip on the minds of investors... with good reason! It
has been delivering great products that lead to great sales which
have led to great earnings. After the close, Apple did it
again.
AAPL reporting non GAAP earnings of $13.87 (Zacks consensus of
$10.01) on net revenues of $46.3 billion ($38.9 billion Zacks
Consensus). Looking at the numbers, it's all about the i's. iPhone
sales of 37 million units is up 117% from the 17 million sold in
the most recent quarter and up 128% from the 16.24 million sold in
the year ago period.
iPads came in at 15.4 million unit shipments, ahead of the 11.12
million last quarter and the 7.33 million last year.
iPods sales have been slower of late but that all changed this
quarter. The company sold 15.4 million iPods in the quarter, up
from last quarter's 6.62 million mark but down 20% from the 19.45
million sold in the year ago period.
Macs have benefited from the tremendous sales of the above
mention products for years, and the sales rate remains stable for
the product line this quarter. The company sold 5.2 million Macs
compared to 4.89 million last quarter and 4.13 million a year
ago
Three years ago, the stock was $78 a share, and the real
question is: where does it go from here?
***
Its just Apple in the tech world, though earnings also came out
from
Yahoo!
(
YHOO
). Recall that YHOO has just recently announced a new CEO and lost
a Co-Founder from the board.
Drilling down to the three major buckets of revenue for Yahoo
and we see a picture of slowing growth.
First we look at Search, and that segment reported ex-tac
revenues of $375 million, flat in comparison to the previous
quarter's mark of $374 and lower than the $388 it reported in the
year ago period.
Display is also down from the year ago period when it posted
$567 million in sales. On a sequential basis, there display was
higher by 21%. This quarter display revenue was $545, ahead of the
$449 million posted in the most recent quarter.
Other revenues have been fairly consistent for Yahoo!, so the
report of $251 million shows little change from the previous
quarters $248 million and the $250 million mark from the year
ago.
The EPS beat was something that few expected for YHOO, as the
CEO search probably helped employees keep their eye off the ball.
At the end of the day, it's the outlook for the sale of Asian
assets and what direction the new CEO will take the company.
Let us know what you think were the key drivers for these
companies.
APPLE INC (
AAPL
): Free Stock Analysis Report
YAHOO! INC (
YHOO
): Free Stock Analysis Report
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