(Editor’s Note: This post originally appeared on Medium, Twitter co-founder Biz Stone and Evan Williams’ new publishing platform.)
Usually during Apple’s quarterly earnings calls, you have to read between the lines to guess what Apple’s really thinking. On Tuesday, all you had to do was read the actual lines, because Cupertino was remarkably candid for a change: there was no way that the Apple of 2013 could match the numbers of the Apple of 2012, but “new product categories” — like the iWatch — were going to blow the roof off the house in 2014. In the meantime, Apple needs investors to be patient… and they’re not above paying them off to make it happen.
Apple has just announced the numbers for a quarter that most on Wall Street have declared to be doom. Apple has comfortably beat Street estimates, but still posted their first decline in year-over-year profit margins since 2008. What does it mean?
To help you make sense of Cupertino’s business this quarter, here’s a breakdown in easy-to-read chart form of everything from the growth of Apple’s revenues, profit and profit margins, to the rise and fall of Cupertino’s various product empires.
We even have a comparison of how Apple did this quarter compared to how Wall Street prediced Apple would do.
Update: Guys, sadly, we’re having server issues that makes this impossible. Stay tuned for the front page for updates on the call as it happens.
In just a few hours, Apple will be hosting its Q2 2013 financial earnings call, and it’s bound to be an interesting call. It’s no secret that Wall Street is expecting a bloodbath, and is calling for Tim Cook’s head amongst fears of stagnating iPhone growth, but can Apple outperform the Street’s expectations?
Check out our summary of what to expect if you want to know more about the expectations going into this thing. Starting at 5PM Eastern/2PM Pacific, we’re going to be live blogging the call, so make sure to check back at this space then. We’ll be covering quotes and questions from the call, as well as posting our own live commentary. Hit the jump for our live blog, and make feel free to listen along if you want.
Apple will announce its second quarter financial results at 5 p.m. EST today, and this could be one of the company’s most interesting earnings calls for some time. Wall Street has been less than optimistic about the Cupertino company’s recent performance, and some believe that Apple will post its first quarter of negative growth income for over a decade.
But some analysts are a little more positive. According to averages put together by Yahoo! Finance, Apple is likely to announce revenue between $41 billion and $43 billion for the second quarter, with margins between 37.5% and 38.5%.
I’ve been writing for Cult of Mac for almost three years now, and in that time I’ve covered some pretty farfetched Apple rumors. But the latest from Forbes comes with a whole new level of crazy.
“Some Wall Street sources close to some Apple executives” say the Cupertino company could be searching for a replacement for Tim Cook, it claims, before suggesting Cook could turn Apple into another Hewlett-Packard or JC Penney and insisting “Apple’s shine has faded” since the passing of Steve Jobs.
Apple’s quarterly profit probably fell for the first time in over a decade, thanks to new products with lower profit margins and a slowing demand for the iPhone, Bloomberg reports. Fourteen analysts have reduced their estimates for Apple in recent weeks, and on Friday, the Cupertino company’s share price fell below $400 for the first time since December 2011.
Samsung has today announced its estimated earnings for Q1 2013, and it looks like the Korean electronics giant is set for another record quarter, exceeding Wall Street expectations. The company has forecast a 53% rise in profit to 8.7 trillion won ($7.7 billion) for the three-month period between January and March, driven by smartphone sales.
You should probably check if your cash is still in your wallet… ’cause according to Apple’s recent earnings call, they just made all the money. We put some perspective on just how huge Apple’s Q1 cash hoard was on our all-new CultCast, then expertly deconstruct Tim Cook’s cryptic words about new and unannounced products.
But wait, there’s more! From iOS 7, to bigger-screen iPhones, to our favorite Mac apps, we answer your Facebook questions in our newest segment, CultCast Q&A.
Get a fun weekly dose of all things Apple! Subscribe to The CultCast now on iTunes, or easily stream new and previous episodes via Apple’s free Podcasts App.
Apple just posted one of their most successful financial quarters ever. A bunch of records were broken for iPad sales, iPhone sales, net revenue, and net profit.
Sorting through the pile of information and numbers Tim Cook and Peter Oppenheimer just gave us can make your head spin, so we’ve broken it down for you. Here are the most important numbers you need to know from today’s earnings call: