A look at Apple Post Q1 results

On Tuesday evening Apple Inc. reported a strong December Quarter results but guidance was weak for the rest of the year due to a deteriorating macro environment. The main highlights from the results were; * Apple had the strongest financial quarter ever with $75.9billion in Revenue. * 74.8 million IPhones were sold – an all-time high but below market expectations. * Challenging global macro environment is impacting outlook for the rest of the year. * 75% of revenue was generated outside the US. * Negative Currency impact is estimated at 15 percent of Revenue. * New quarterly record of Apple Watch Sales. No figures were given. * Best quarter ever for Apple TV sales. * Consumers have already spent billions using Apple Pay. * Apple Music has over 10 million paying subscribers in less than four months after going live. Revenue Revenue came in at $75.9 billion which disappointed market analysts. Apple sold 74.7million iPhones during the quarter. Declining sales were anticipated due to supply chain activity. However, most of the negative impact was expected between January 2016 and September 2016, when the IPhone 7 is launched. Earnings per Share Apple delivered earnings of $3.28 per...

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