Apple Posts Record Quarterly Results Amid Tech Wreck

Apple (NASDAQ: AAPL) beat on the top and bottom line during its September quarter, posting a record for revenue and EPS. Apple said its active installed base of devices reached an all-time high for all major product categories.

Despite the beat, shares still traded about 2% lower after-hours at the time of this writing amid the megacap tech wreck.

The iPhone giant reported that revenue rose 8% to $90.1 billion, beating the consensus of $88.76. iPhone sales were $42.626 billion, versus $38.868 billion last year. Services revenue was $19.188 billion, versus $18.277 billion last year.

EPS was up 4% to $1.29, topping the consensus of $1.26.

“This quarter’s results reflect Apple’s commitment to our customers, to the pursuit of innovation, and to leaving the world better than we found it,” said Tim Cook, Apple’s CEO. “As we head into the holiday season with our most powerful lineup ever, we are leading with our values in every action we take and every decision we make. We are deeply committed to protecting the environment, to securing user privacy, to strengthening accessibility, and to creating products and services that can unlock humanity’s full creative potential.”

By StreetInsider.com Staff

You May Also Be Interested In

• Apple investigating exposure to Tata Electronics data breach, full analysis underway - Reuters
• Growth story is re-emerging for this car stock, Barclays says
• This stock heads into earnings with 'a bag full of cash and a low valuation': analysts