GM: 42.9% (AAPL guidance: 42%/Consensus: 42.7%)
EPS: $11.45 (AAPL guidance: $8.50/Consensus: $9.81)
Product Unit Sales and Commentary
Macs: 4.3 million (14% yoy growth)
iPad: 12.0 million (155% yoy growth)
iPod: 6.8 million (25% yoy decline)
iPhone: 36.4 million (95% yoy growth)
When Apple releases earnings on April 24, many will look at iPad and iPhone sales as an indicator for continued strong consumer demand. I suspect Apple may be allowed some breathing room on iPad sales given the supply/demand imbalance and trickiness surrounding a new product launch. Meanwhile, iPhone lacked any significant interferences during the quarter, with results dependent on demand, and to a lesser extent, the number of units added into the distribution channel.