Apple expects to have a record-setting $52B fiscal Q1 2013

Apple expects to have a record-setting $52B fiscal Q1 2013

Apple just posted its fiscal Q4 results, and with it, included an interesting revelation about its next quarter. Apple CFO Peter Oppenheimer said that it expects a company record of $52B in revenue for Q1, 2013. Apple’s previous record quarter was Q1 2012, when it posted $46.33B in revenue.

Here’s the quote from the earnings release:

“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”

“We’re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75.”

Apple’s earnings results are expected to jump in Q1 as the iPhone 5 was only out for a short time (8 days) before fiscal Q4 closed. The addition of two new iPads to the lineup, including the iPad mini, no doubt affected Apple’s estimates as well.

For more on Apple’s Q4 results, head here.

Image Credit: AFP / Stringer / Getty Images

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