APPLE and FACEBOOK Earnings Update

APPLE and FACEBOOK Earnings Update

Today Apple Inc. came with its Q2 earning. After a long time AAPL stock was up $40+ today in the after hour trading! First thing first, Apple's sales did not fall rather it grew this quarter. That's good news! Apple is also splitting its stock 7-for-1 on record date of June 2 and will be available to all shareholders on June 9, 2014. In addition, it also approved another $30 billion in share buybacks till the end of 2015 (Total of $130 Billion). Currently it has about $150 billion in CASH out of which about $18 Billion in US and remaining abroad. It sold almost 44 million iPhones.

AAPL - Q2 Key Earning Highlights:
·        Sales: Revenue came in $45.64 billion that beat Wall Street expectations of $43.54 billion, increase of 4.6%.

·        Net Profit: Earnings per share (EPS) also beat handily at $11.62, above $10.18 estimated by Wall Street.

·        Gross Margin: 39.3%

·        iPads Sold: 16.4 M

·        iPhones Sold: 43.7M

·        iPods Sold: 2.76 M

·        Macs Sold: 4.14M


FACEBOOK - Facebook also came with its Q1 earnings today and looked good. The Stock was up $2.20 (3.6%) after hours.
Key highlights:

·         Revenue:  Increased 72 percent to $2.5 billion, beating analyst estimate of $2.36 billion
·         Net Income (EPS): Net income almost tripled to $642 million, or 25 cents per share, from $219 million, or 9 cents, a year earlier. Profit excluding some items the adjusted EPS was 34 cents per share
·         Monthly active users: 1.28 billion
·         Mobile monthly active users: 1.01 billion
A friendly reminder, our next Investment Group Meet will take place on SATURDAY, 4/26/14 from 2.30pm - 4pm in FREMONT. Please make it convenient to attend.

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