Wall Street thinks Apple recently finished an amazing quarter. If the analysts are right, the company will reveal on Wednesday the results of a January-through-March period with significant revenue growth in all its products, both hardware and services.
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.
There have also been reports that Apple has cut back supply orders for the iPhone due to weakening demand, but iPhone sales are still up from 30 million last quarter.
Here are some of the key points from Apple’s Q1:
Apple has updated the Investor Relations page of its website this morning to announce its second-quarter earnings call on April 24 at 2 p.m. PT.
