An Overview Of The Apple Inc, Quarterly Earnings
Apple Inc. released its quarterly earnings statement on April 23, 2013. In simple terms, the company beat one expectation but fell short on another. Most analysts expected the tech company to earn $10.00 per share on revenues of $42.33 billion. Apple's profits declined for the first time in the last 10 years, though. Luckily, the company is still worth putting money into, despite its mediocre performance this past quarter. Investors shouldn't count the company out yet.
For the most recent quarter, Apple Inc. posted earnings of $10.09 per share on revenues of $43.60 billion. Barely beating analysts' expectations didn't help the companies performance on the stock market that day. The company saw a quick boost before turning lower at the end of the trading day. Results were much better one year ago after all. Without a doubt, investors still have a lot to cheer for when it comes to the iPhone maker.
Quarterly earnings for the next quarter will likely look better. Currently, Apple Inc. is facing stiff competition from Samsung (and other tech companies) in the realm of consumer devices. A new generation of devices, including the next iPhone and iPad, are expected within the coming month. With that in mind, the company should see increased revenue with the introduction of newer, more competitive devices. Apple is known for recovering from slips and missteps.
In the end, investors should still consider purchasing stock in Apple Inc. The most recent quarterly earnings report looks somewhat lackluster. However, Apple continues to grow at a rapid pace as far as earnings are concerned. Previously, the tech giant has shown a propensity for constantly improving itself. There is no reason to believe that Apple can't recover from this slight misstep. Investors will know fairly soon how the company will respond to this weak earnings report.