The company sold 37.04 million iPhones in the quarter, 15.43 million iPads and 5.2 million Macs. Apple also has an astounding $97 billion in cash. Any "normal" company would face unbearable pressure to distribute that cash to shareholders. Apple Reports First Quarter Results
- Revenue: $46.33 Billion versus $38.76 billion expected
- EPS: $13.87 versus $10.07 expected
- iPhone units: 37.04 million versus 30.2 million expected
- iPad units: 15.4 million 13.2 million expected
- Mac units: 5.2 million versus 5 million expected
- iPod: 15.4 million versus 13.9 million expected, according to Bloomberg
- Gross Margin: 44.7% versus 41.8% expected
- March quarter revenue: $32.5 billion versus $31.9 billion expected
- March quarter EPS: $8.50 versus $8.00 expected
- Apple now has $97 billion in cash, short term, and long term securities
- The iPhone's average selling price is up to $660
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