Apple Inc. New Headquarters (Photo credit: MarkGregory007)

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.

The official figures for Microsoft's fourth quarter of 2010 are out which is 16.04 billion US Dollars. With the announcement by Apple last Tuesday, it was expected in several quarters of the country that Apple would over take Microsoft in the net revenue generation and that would be the first time in the recent history. But Microsoft proved most of them wrong. Though Apple had reported 15.7 billion US Dollar last quarter, Microsoft crossed that with ease at 16.04 billion US dollar.

Apple Inc (APPL) Has a Record Quarter

The analysts were telling us that the quarter coming from Apple Inc would be very good with their regular increases in earnings estimates but the street was surprised at how good the quarter turned out to be. For the third quarter ending in June, Apple reported revenue of $15.7 billion and a profit of $3.25 billion. This beat street estimates by 12.5%. The company’s fifth quarter in a row of surprising to the upside on earnings.