<table><tr><th>From:</th><th>Richard Kahn &lt;</th></tr><tr><td>Sent:</td><td>Tuesday, July 21, 2015 8:56 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>aapl earnings</td></tr></table>

Apple beats estimates, guides light; shares fall

Jul 21 2015, 16:33 ET | About: Apple Inc. (AAPL) <http://seekingalpha.com/symbol/AAPL> | By: Eric Jhonsa <http://seekingalpha.com/author/sa-editor-eric-jhonsa>, SA News Editor <http://seekingalpha.com/images/mail_icon.png>

* Apple (NASDAQ:AAPL <http://seekingalpha.com/symbol/aapl> ): FQ3 EPS of $1.85 beats by $0.04.

* Revenue of $49.618 (+32.5% Y/Y) beats by $300M.

- Expects FQ4 revenue of $49B-$51B, below a $51.18 consensus.

• 47.5M iPhones (slightly below expectations). 10.9M iPads (in-line), 4.8M Macs (near expectations).

	- Shares -7.5% AH.

Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
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