Apple Earnings Summary

As a target for Microvision technology, important to pay attention to Apple. They reported earnings last night.

Their earnings beat expectations. 

The size of their horde of cash is stunning -- it will be able to return to the US now, US tax laws kept it over seas.


CNBC

Analysts were also assured by Apple CEO Tim Cook's positive tone around tax reform under President Donald Trump.

TheMacObserver

Apple’s cash hoard swelled to a staggering $246.09 billion in the December quarter, an increase of $8.49 billion. This, despite returning some $15 billion to shareholders in the form of stock buybacks and dividends. It’s an unprecedented concentration of corporate wealth in a financial web spanning the globe.

Communities Digital News

CNBC online provides the following breakdown:

• EPS: $3.36 vs. $3.21 expected by a Thomson Reuters consensus estimate
• Revenue: $78.4 billion vs. $77.25 billion expected
• iPhone sales: 77.42 million, revenue of $53 billion
• Services revenue: $6.91 billion
• Q2 guidance: $2.08 EPS, revenue of $53.79 billion

I'm not sure that a watch and earbuds are a "rich lineup" of wearable products. I wonder if there's more waiting in the wings.

GeekWire  "Apple Watch, Huge Growth"

Apple, which first debuted the Apple Watch in April 2015 and released an updated version this past September, also recently began selling its new Airpod wireless headphones.

“We now have a rich lineup of wearable products,” Cook said. “Their design, elegance, and ease of us make us very excited about the huge growth potential for wearables going forward.”