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:
Apple has just announced the numbers for what has proven to be another record quarter, yet compared to the numbers Cupertino was showing a year ago, Wall Street is worried that Apple’s growth may have finally stalled. Are they nuts?
To help you make sense of Cupertino’s incredible growth, here’s a breakdown in easy-to-read chart form of everything from the growth of Apple’s revenues, profit and cash hoards, 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. Usually, Apple does better than analyst predictions, but this time, they did worse. What does it mean?
Apple has just announced it’s best quarter EVER, but the stock is taking a pounding on Wall Street.
Apple announced earnings for the first fiscal quarter of 2013: $54.5 billion and a net profit of $13.1 billion. But the stock is down more than 4% in after-hours trading because Wall Street is worried that Apple’s phenomenal growth is slowing. Don’t you love how a record-breaking quarter is still considered an “ouch?”
Apple was expected to report decent numbers despite the public’s perception that Apple’s streak of runaway sales of iPhones and iPads is plateauing. AAPL has been falling due to a number of factors, including analysts’ low predictions for the next March 2013 quarter. Apple is printing money, but not fast enough for Wall Street.
Google just announced its earnings for Q4 2012, and guess what? They made a ton of money. We’re shocked.
Actually, Q4 2012 was really great for Google. The company earned $14.4 billion in revenue, which is 36% better than what they did last year. While we tend to think of Google as an American company, only $5.99 billion of that revenue came from the U.S. while the rest was made in international markets.