After two consecutive misses to wrap up fiscal 2012 and an unprecedented dive in the company’s share price, all eyes were on the future as Apple (AAPL) reported its first-quarter results for fiscal 2013. Analysts’ expectations have fallen over the past few weeks as investor sentiment soured, but consensus estimates of $13.34 in profit per share on $54.58 billion in sales would still give Apple the second most profitable quarter of all time among tech companies. The results are now in, and Apple beat estimates with earnings of $13.81 per share on $54.51 billion in revenue. Apple earned $13.87 per share on sales of $46.33 billion in the same quarter last year.
[More from BGR: Samsung’s Galaxy S IV may feature new high-definition display tech]
After second-quarter guidance, iPhone shipments and margins were the biggest items on industry watchers’ minds. Wall Street’s consensus called for shipments to fall in the 50 million-unit range and Apple missed estimates, having shipped 47.8 million iPhones in the holiday quarter.
This article was originally published on BGR.com
- Investment & Company Information