Tim Cook has had a busy day. But – a pretty good one by all accounts. He had to make the earnings call which covered the first fiscal quarter of 2015. In it, he told financial analysts and investors that not only did Apple sell about 9 million more iPhones than what was expected and forecast, but that they also had reported earnings of $3.06 per share on revenue of $74.6 billion which is way more than anyone was expecting.
According to a consensus estimate from Thomson Reuters, analysts had actually expected Apple to report earnings of about $2.60 a share on $67.69 billion in revenue.
The iPad was the only soft note in the earnings call, with sales hitting a quieter 21.4 million units instead of the 22.2 million unit estimate. However, Apple’s cash rose to almost $178 billion, up 15 percent from the prior quarter.
Again – Yeesh.
So – to the best news! Straight from the Sauce, Mr Cook himself –
“Development for Apple Watch is right on schedule, and we expect to begin shipping in April… My expectations are very high on it. I’m using it every day and love it and can’t live without it.”
Bam. Bam. Bam. April. Early April, Apple Watch, tech we apparently can’t live without. Excellent! And with a battery that can be charged just by thinking good thoughts. Right Tim?