The stock has popped in after-hours trading more than 2% on strong revenue and profit after Apple reported first fiscal quarter earnings on Tuesday.
But Apple also guided revenue significantly lower, suggesting the iPhone company could post revenue of between $51 and $53 billion next quarter; significantly less than the Street's expectation of $54 billion.
Apple also declared a cash dividend of $0.57 per share on Tuesday.
Here are Apple's key earnings figures versus Wall Street's expectations:
- Q1 EPS (GAAP): $3.36, up 2% year-over-year, versus expectations of $3.22
- Q1 revenue: $78.4 billion, up 3% year-over-year, versus expectations of $77.4 billion
- Gross margin: 38.5%, versus expectations of 38.4%
- iPhone unit sales: 78 million, up 4% year-over-year, versus expectations of 76.3 million
- iPhone ASP: $694, versus expectations of $688
- iPad unit sales: 13 million, versus 16.12 million in the year-ago quarter
- Mac unit sales: 5.3 million, versus 5.3 million in the year-ago quarter
- Upcoming quarter revenue guidance: between 51.5 billion and 53.5 billion