Apple (AAPL) this afternoon reported fiscal Q1 revenue and earnings for the three months ended December well ahead of estimates.
The view for the current quarter was comfortably ahead of estimates, and the company beat Street estimates for each product category, with the exception of Mac unit shipments, which were slightly light of expectations.
Q1 revenue rose 70.5% to $26.7 billion, and EPS rose 75%, to $6.43. Gross margin came in at 38.5%.
The Street had been modeling $24.43 billion in revenue and $5.40 in EPS, with a gross profit margin of 37%. Apple had forecast $23 billion and $4.80 per share on a gross margin of 36%.
The company sold 16.24 million iPhones, 7.33 million iPads, 4.13 million Macs, and 19.45 million iPods.
The Street had been modeling 15.5 million iPhones, 6.2 million iPads, 4.2 million Macs, and 19 million iPods.
Fiscal Q2 is forecast to be $22 billion in revenue and $4.90 in EPS. The Street has been looking for $20.78 billion in revenue and $4.47 per share
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