Apple just reported its Q1 earnings: here are the numbers

Apple Inc (NASDAQ: AAPL) is trading up in extended hours on Thursday after reporting solid results for its first financial quarter.

iPhone and services steal the spotlight

The multinational attributed strength in its recently concluded quarter partially to its flagship handset.

iPhone generated $69.7 billion in revenue in Q1 (up 6.0% year-on-year) versus analysts at $67.96 billion. Tim Cook – the chief executive of Apple Inc said in a press release today:

On the downside, though “services” brought in $23.12 billion for the Nasdaq-listed firm in the first quarter - weaker than $23.35 billion expected. $AAPL is now up 5.0% versus its year-to-date low.

Apple Q1 earnings snapshot

• Earned $33.92 billion versus the year-ago $30 billion
• Per-share earnings also climbed from $1.88 to $2.18
• Revenue jumped 2.0% year-over-year to $119.58 billion
• Consensus was $2.10 a share on $117.91 billion in revenue

Apple Inc saw it gross margin sit at 45.9% in the first quarter – ahead of 45.3% expected. Apple’s chief of finance Luca Maestri said today:

What else was noteworthy in the earnings report?

• Mac revenue printed at $7.78 billion versus $7.8 billion expected
• iPad revenue came in at $7.02 billion versus $7.31 billion expected
• Other products brought in $11.95 billion versus $11.56 billion

Apple will likely offer guidance for its current quarter earnings on the conference call that you can tune into on this link. According to the chief executive: