Apple (Nasdaq: AAPL) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 30 (Q2), Apple beat expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased. GAAP earnings per share dropped significantly.

Margins dropped across the board.

Revenue details
 Apple recorded revenue of $43.60 billion. The 41 analysts polled by S&P Capital IQ anticipated sales of $42.42 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $39.19 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $10.09. The 43 earnings estimates compiled by S&P Capital IQ predicted $10.00 per share. GAAP EPS of $10.09 for Q2 were 18% lower than the prior-year quarter's $12.30 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 37.5%, 990 basis points worse than the prior-year quarter. Operating margin was 28.8%, much worse than the prior-year quarter. Net margin was 21.9%, 780 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $38.26 billion. On the bottom line, the average EPS estimate is $8.82.

Next year's average estimate for revenue is $179.29 billion. The average EPS estimate is $43.14.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 27,636 members out of 29,936 rating the stock outperform, and 2,300 members rating it underperform. Among 5,554 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 5,316 give Apple a green thumbs-up, and 238 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Apple is outperform, with an average price target of $597.46.

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