Apple Beats Guidance with Q4 Earnings, Guides Q4 Above Consensus

Apple reported fiscal fourth quarter revenues of US$46.9 billion with earnings of $9 billion on Tuesday. Earnings per share were $1.67. Those results are down year over year from revenues of $51.5 billion, earnings of $11.1 billion, and EPS of $1.96. Gross margins were 38%, down year-over-year from 39.9%. Apple beat consensus estimates on EPS and guided Q4 revenues higher than consensus.

Apple Fixes Two-Factor Authentication Setup Bug

HomeKit in iOS 10 requires Two-Factor authentication if you plan to remotely control or monitor your smarthome devices. That isn’t a big deal, unless you’re one of the unlucky few who were blocked from switchting to Apple’s more secure password authentication system. The good news is that Apple finally fixed the issue, so HomeKit can be more that your in-home personal assistant again.