Apple is providing the following guidance for its fiscal 2013 second quarter:
• revenue between $41 billion and $43 billion
• gross margin between 37.5 percent and 38.5 percent
• operating expenses between $3.8 billion and $3.9 billion
• other income/(expense) of $350 million
• tax rate of 26%
Nice to see analyst cutting forecast well below the company's own guidance. Maybe I wrong, but this quarter should have that 1 extra week that we lost from last quarter. The cut forecasts, lower expectations and increased dividend and buyback program should bode well next Tuesday!
Most analysts seem to follow each other and try to out do each other on the upside and to the downside. The good news is that they have guided lower than where apple is. In the past apple has met its own numbers, just not the loftier ones set by the street. Apple should meet its oen numbers again, putting it above the streets est. So what will that mean for the stock? It's like they have conspired to destroy apple after being disaponted last year after guiding to $1,000
Funniebucket, you're a goof. *Apple* knew, but the analysts seemed to be the ones that forgot, as their yoy comparisons were null and void, *because* of that extra week. They were literally comparing Apples to oranges. But you would have thought that sales fell off of a cliff. Given the extra week, like the Christmas of 2011 had, Apple would have reported about $15. But they didn't have that week and it caused widespread panic, albeit almost completely unwarranted. This current quarter will be at least $11.