“Happy new year, Apple!” Bill Maurer writes for Seeking Alpha. “For those that missed the ball drop, Apple’s fiscal year ended on Saturday, September 28th. Their fourth quarter is now over, and that means we are officially in the fiscal first quarter of fiscal 2014.”
“Apple’s fiscal 2013 started off with a bang, containing the largest product launch in Apple’s history. The year finished off strong with the largest iPhone opening weekend in Apple’s history. However, a lack of launches during the year led to concerns over Apple’s innovation, sending shares down 27.6% on the year, before adjusting for dividends,” Maurer writes. “Even though Apple will set a yearly record for revenues when it reports in a few weeks, those sales were based on lower margin products that will hurt Apple’s bottom line.”
Maurer writes, “But the past is the past. Apple’s fiscal year is over, and that means it is time to start looking forward. Today, I’ll preview Apple’s fiscal 2014, discussing potential new products, financial projections for the company, and what it all means for Apple’s stock. Apple’s new year has begun, and investors should be ready to jump on board.”
Read more in the full article here.