Apple second quarter 2013 results set for Apr. 23, income dip possible
Fans of money, hold on to your hats. Apple has announced that its next quarterly financial conference call will be held on Tuesday, April 23, 2013 at 2 p.m. Pacific, 5 p.m. Eastern. In all likelihood, CEO Tim Cook will be joined by CFO Peter Oppenheimer, and the inscrutably terse company treasurer, Gary Wipfler, to discuss Apple’s performance in its second fiscal quarter of 2013.
But there are a few reasons why this upcoming conference call might be more, shall we say, drama-filled than many of its fellows. For one, you might recall that in its last quarterly results, Apple changed up its process for issuing guidance about subsequent quarters, promising it would no longer provide numbers it was all but certain—short of the imminent apocalyptic collapse of society—to make.
Instead, Oppenheimer gave a range of predictions, saying that the company expected to bring home revenue between $41 billion and $43 billion, with a gross margin between 37.5 and 38.5 percent, operating expenses between $3.8 billion and $3.9 billion, other income/(expense) of $350 million, and a tax rate of 26 percent.
As of this writing, the analysts consensus seems to be that Apple will still rake in growth in its revenue for the current quarter: The average estimate is $42.77 billion, which is right in the sweet spot of the company’s guidance.
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