Earnings: Apple Revenue Up 37 Percent; Income Up 31 Percent; Estimates Beat, But Outlook Light

Here’s the quick figures from the just-released earnings report from Apple: the maker of computers, iPods and iPhones announced quarterly revenue of $7.46 billion, compared to estimates of $7.37 billion and year-ago revenue of $5.41 billion, for growth of 37 percent. Net income came to $1.07 billion ($1.19 per share), compared to estimates of $1.08 per share and last year’s income of $818 million, for growth of 31 percent. 717,000 iPhones were sold in the quarter, though the number was low due to the release of the then-impending iPhone 3G launch. The company says music-related services revenue was $881 million compared to $819 million a year ago. This includes iTunes Music Store revenue, though it also includes stuff like iPod accessories.

Apple (NSDQ: AAPL) tends to have a very cautious attitude towards guidance, but for the next quarter it’s calling for sales of $7.8 billion and EPS of $1.00. That’s significantly lower than estimates of $8.3 billion in revenue and EPS of $1.24? Just the usual conservatism? We’ll get more color on the call. Shares are slipping over three percent after hours, in what’s become a trend for the company. There’s nothing in the release about the early numbers on the iPhone 3G. Again, expect that to be a big topic.

Release | Webcast (5:00 PM ET, requires Quicktime)

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