=Apple (AAPL) reported earnings on Thur 2 Nov 2017 (a/h)

Apple beats by $0.20, beats on revs; guides Q1 revs in-line

• Reports Q4 (Sep) earnings of $2.07 per share, $0.20 better than the Capital IQ Consensus of $1.87; revenues rose 12.2% year/year to $52.58 bln vs the $50.71 bln Capital IQ Consensus; gross margins 37.9% vs 38% ests and 38% last year
  • iPhone shipments 46.7 mln vs 46.4 mln ests and 45.5 mln last year.
  • iPads 10.3 mln versus 10 mln ests and 9.3 mln last year. Q4 Macs 5.4 mln versus 4.7 mln ests and 4.9 mln last year.
  • Americas rev +14%; Europe +20%; China +12%; Japan -11%; APac +5%
• Co issues in-line guidancefor Q1, sees Q1 revs of $84-87 bln vs. $85.34 bln Capital IQ Consensus; gross margin 38-38.5% vs. 38.6% est and 38.5% last year.
• $269 bln in cash/equivalents and marketable securities