Facebook just reported record quarterly revenue and significant increases in daily, monthly, and mobile users. And it’s also making more money, per user, in every single territory it measures.
eBay hit exactly the number analysts expected today as it released its Q3 earnings report, with revenues of $3.9 billion, GAAP earnings of $689 million, and 21 percent growth in its “enabled commerce volume” to $51 billion.
But its guidance for the next quarter is at the low end of investor expectations.
The National Venture Capital Association (NVCA) came out with its quarterly report today, which found that by number of funds, the third quarter ranks as the strongest quarter for venture capital fundraising in the past twelve months.
“We estimate preliminary September sales for our Apple Barometer rose by approximately 9-10 percent month-over-month,” Cantor Fitzgerald analyst Brian White said in a research note this morning.
Outside of the tiny (but wealthy) island of Japan, international sales for Apple are pretty much in the crapper.
“Let’s put it in perspective,” Cook told analysts and investors. “Our revenues there were $4.9 billion for the quarter … which is 14 percent of the company. A few years ago that was hundreds of millions — we’ve grown our business significantly.”
Wall Street had expected revenue in the $35 billion neighborhood, with sales of 17.6 million iPads, 26.5 million iPhones and 3.9 million Macs, and earnings per share down between seven and 29 percent.
Last year Apple sold 26 million iPhones and 17 million iPads for revenues of $35 billion and profit of $8.8 billion in its third quarter. It was up from the year-ago quarter, but it wasn’t stellar. Expect something similar this week Tuesday, when Apple reports 2013 Q3 numbers.
iPhone sales jumped dramatically at Verizon. And Morgan Stanley analyst Katy Huberty recently upped her forecast of the number of phones Apple is selling this quarter.
Are we in for some surprises with Apple earnings next week?
Apple’s doing better than Wall Street thinks, if we can believe Morgan Stanley analyst Katy Huberty.