Apple
In both revenue and net income, Apple posted the smallest increases in years for the April to June period, failing to meet analyst expectations.
- Net income in the fiscal fourth quarter was $8.8 billion, or $9.32 per share. That was up 21% from $7.3 billion, or $7.79 per share, a year ago. Analysts polled by FactSet were expecting earnings of $10.37 per share.
- Revenue was $35 billion, up 23%. Analysts were expecting $37.5 billion.
- Apple sold 26 million iPhones in the quarter, at the low end of expectations. It sold 17 million iPads, beating forecasts of 16 million.
- $6.2 million net income
- That's 6 cents per share
- $889 million in revenue
- US subscribers grew modestly from 23.41 million to 23.9 million
- Subscribers outside of the US went up from 3.07 million to 3.7 million
- Non-US posted a loss of $89 million
- Meanwhile, the company's profitable but shrinking DVD business continued to dwindle, dropping from just over 10 million to 9.2 million.
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