Apple (AAPL) shares this afternoon have been halted ahead of its fiscal Q1 report.
Analysts are modeling $39.14 billion in revenue and $10.16 per share in profit. Apple’s own forecast, offered back on October 18th, had called for $37 billion in revenue and $9.30 per share.
Update: Apple reported revenue in the three months ended in December rose 73%, year over year, to $46.3 billion, yielding EPS of $13.87 per share.
That is, well, a bit above the consensus, you could say. Or “boom,” as Steve would have said.
The company sold 37 million iPhones in the quarter, 15.4 million iPads, 5.2 million Mac computers, and 15.4 million iPods, it said.
The Mac and iPod numbers seem to be in line with Street expectations, but those iPhone and iPad numbers are way, way above even the most bullish expectations. Then again, there was increasing caution in recent weeks about the impact of macroeconomic woes upon Mac sales, and so the 5.2 million number was likely larger than many expected.
Mac portable models rose 28%, year over year, in units, to 3.62 million, while Mac desktops were up 21% in unit terms.
Gross profit margin as a percentage of sales totaled 44.7%, well above Street consensus.
CEO Tim Cook remarked, “We�re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs. Apple�s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
For the current quarter, Apple side-stepped its tradition of offering forecasts that are below estimates, instead projecting revenue of $32.5 billion, and EPS of $8.50 a share, above the Street consensus of $32.07 billion and $8.01 per share.
Apple ended the quarter with $10.3 billion of cash and cash equivalents, plus $19.9 billion in short-term marketable securities, and $67.5 billion in long-term marketable securities. Put them all together and you get the amount commonly referred to as Apple’s cash, which is $97.7 billion.
Apple shares are set to resume trading at 4:50 pm, Eastern.
Apple will host a conference call at 5 pm, Eastern time, and you can catch the webcast here.
Update: Apple shares have resumed trading and are up $39.74, or almost 10%, at $460.20.
See also: Apple Conference Call: Nothing New on Dividend Front, January 24th, 2012.
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