This article was published on October 25, 2012

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. Appleā€™s previous record quarter was Q1 2012, when it posted $46.33B in revenue.

Hereā€™s the quote from the earnings release:

ā€œWeā€™re very proud to end a fantastic fiscal year with record September quarter results,ā€ said Tim Cook, Appleā€™s CEO. ā€œWeā€™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.ā€

ā€œWeā€™re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012,ā€ said Peter Oppenheimer, Appleā€™s CFO. ā€œLooking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75.ā€

Appleā€™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 Appleā€™s estimates as well.

For more on Appleā€™s Q4 results, head here.

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