real-time news and commentary for investors
Tuesday, Jul 24
2012, 6:06 PM
Mentioned during Apple's FQ3 call: China iPhone sales doubled Y/Y (total sales up 3x last...
Mentioned during Apple's FQ3 call: China iPhone sales doubled Y/Y (total sales up 3x last quarter). Asia-Pac Q/Q decline due to Chinese iPhone inventory adjustments (suggests channel was stuffed in FQ2). iPad channel inventories up, iPhone inventories down. iPhone weakness in France/Italy/Germany. iTunes revenue of $1.8B, down slightly Q/Q. 2x Y/Y increase in iPad sales to education, 3x to Fortune 500. 1.3M Apple TVs sold (+170% Y/Y). FQ4 gross margin guidance of 38.5%. AAPL -5.1% (live blog) (more)