More on Apple: iPhone ASPs jump, cash balance at $159B

|About: Apple Inc. (AAPL)|By:, SA News Editor

In further evidence iPhone 5S sales have soundly outpaced 5C sales (previous), Apple's (AAPL) iPhone ASP rose to $637 in FQ1 from $577 in FQ4 and $582 in FQ3. That helped FQ1 results and gross margin beat estimates in spite of weaker-than-expected iPhone unit sales.

iPad ASP was $440, up from $439 in FQ4 and $437 in FQ3. Mac ASP, boosted by a refresh, was $1,322, up from FQ4's $1,229 and FQ3's $1,303.

Apple's cash/investment balance totaled $159B at the end of FQ1, up $12B Q/Q.

AAPL now -7.6% AH. CC underway (webcast). CFO Peter Oppenheimer mentions forex and weak iPod sales hurt FQ1 results, and that 5S sales were affected by supply constraints. He adds iPad inventories rose Q/Q, but are within Apple's target range.

CC live blogs: I, II

More on Apple's earnings