14 DAY TRIAL // In a press statement issued yesterday afternoon, Apple reported its second quarter earnings for 2013 posting impressive results, as well as a new guidance for the next quarter.
Apple’s fiscal 2013 second quarter, ended March 30, 2013, concluded with $43.6 billion / €33.5 billion in revenue and quarterly net profit of $9.5 billion / €7.3 billion.
Gross margin was slightly lower than last year’s Q2, at 37.5 percent (compared to 47.4 percent in the year-ago quarter).
In light of these results, “Apple is providing the following guidance for its fiscal 2013 third quarter,” the company’s press release states.
- revenue between $33.5B / €25.7B and $35.5B / €27.3B - gross margin between 36 percent and 37 percent - operating expenses between $3.85B / €2.96B and $3.95B / €3.03B - other income/(expense) of $300 million / €230 million - tax rate of 26%
Despite posting lower profits than last year, Apple beat the street consensus and now has a total $145 billion / €111.5 billion in the bank. The company has also issued a separate statement announcing that it had more than doubled its capital return program for investors.