Apple Inc. Beats on EPS and Revenues; Shares Fall on Negative Earnings Growth (AAPL)

Apple Inc. (AAPL) may have been the most anticipated earnings report this season, as many were curious to see how the new iPhone 5S and 5C products sold.

AAPL’s Earnings in Brief

-The company reported EPS of $8.26 and revenues of $37.5 billion. Analysts expected EPS of $7.92 with revenues at $36.84 billion.
-The company shipped 33.8 million iPhone units throughout the quarter versus the expected 32 million.
-Apple predicts revenues for the fiscal 2014 first quarter to fall between $55 billion and $58 billion with operating expenses between $4.4 billion and $4.5 billion.
-Though the firm beat expectations, its earnings slipped 8.5% from its previous report, worrying investors.

CEO Commentary

Tim Cook, Apple’s CEO had the following comments about the quarterly results: “We're pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones. We're excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.”

Dividend News
The company declared a dividend of $3.05 which will be payable to shareholders on record as of 11/11/2013. The dividend will be paid out on 11/14/2013.

Stock Performance

AAPL fell as much as 3% immediately following the report, as investors seemed apprehensive due to the decline in earnings growth. YTD, the company’s stock is down 0.43%.