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Apple Q2 Earnings Call to Reveal Record Sales and Profit Decline

Apr 23 2013, 3:26am CDT | by , in News | Apple

Apple Q2 Earnings Call to Reveal Record Sales and Profit Decline

Apple is reports its Q2 earnings today at 5pm ET. Analyst expectations are mixed, but most see for the first time in years a lower profit.

All eyes are on Apple today. Apple stock has fallen over 40% over the last couple of months. It closed yesterday at $398, which is a bit higher than end of last week. Analysts predict that Apple's first profit decline since 10 years ago.

CNet reports that Apple is though also expected to post record sales for a second quarter. Which is interesting because there is lots of talk about declining iPhone sales. The big driver for declining profits are the lower gross margins Apple is able to get from its products. On the other hand nobody in the industry has such high gross margins.

The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

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