“Apple could make history tomorrow with its biggest second-quarter sales yet, though it’s also expected to log its first decline in profit in 10 years,” Josh Lowensohn reports for CNET.
“That’s what analysts anticipate in Tuesday’s second-quarter earnings report, which will spell out the company’s performance through the end of March,” Lowensohn reports. “Wall Street is expecting Apple to post earnings of $10.12 per share on sales of $42.6 billion, based on a poll of 48 analysts from Thomson First Call. That’s down from earnings of $12.30 per share, and up from the $39.2 billion in sales from the same quarter a year ago. Apple’s own expectations for profits during the quarter came in between $9.23 and $10.23 per share on sales of $41 billion to $43 billion.”
Lowensohn reports, “The last time Apple posted decline in profit from the previous year’s quarter, it was the very beginning of 2003, and Apple was hit both by the economic downturn and a restructuring charge that ate away at its profits, and then some. Decline in profit aside, the revenue both Apple and analysts are expecting would be a new second-quarter record.”
Much more in the full article here.
Apple’s all-time record quarterly earnings disappoint – January 23, 2013