More on Apple: Gross margin was 47.4%, up 270 bps Q/Q and 610 bps Y/Y. Cash/investment balance...

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

More on Apple: Gross margin was 47.4%, up 270 bps Q/Q and 610 bps Y/Y. Cash/investment balance rose to $110B. Asia-Pac, likely driven by China, played a big role in the earnings beat: sales rose 32% Q/Q and 114% Y/Y, compared with 20%+ Q/Q seasonal drops for the Americas and Europe. iPhone revenue +85% Y/Y with implied ASP of $646, iPad revenue +132%. Mac desktops +8%, Mac notebooks -1%. Retail revenue +38% Y/Y. AAPL +7.4% AH. (PR) (CC webcast)