Apple Inc Q3 2016 Earnings: Titbits You May Have Missed

1. Apple (AAPL) 3Q16 results, hurt by lower iPhone and Mac sales and revenue declines.
2. Net income fell 26.9% to $7.80Bil, or $1.42 per share. Revenue fell 14.6% to $42.36Bil.
3. iPhone revenue fell 23% YoverY to $24.048Bil, Mac fell 13% to $5.239Bil, while iPad rose 7% to $9.95Bil. In 3Q16, $AAPL said its sales in Greater China fell 33% YoverY to $8.84Bil.
4. For 4Q16, revenue is expected to be in the range of $45.5-47.5Bil, and gross margin is expected to be in the range of 37.5-38%.
5. The company BoD declared a cash dividend of $0.57 per share of the company's common stock, payable on Aug. 11, 2016.
6. Apple had a successful global launch of iPhone SE and demand outstripped supply throughout the quarter.
7. For Apple, India is now one of its fastest growing markets. In the first three quarters of this fiscal year, iPhone sales in India was up 51% YonY.

Submitted August 31, 2016 at 01:57PM by jeffery89 http://ift.tt/2bCdIbf