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Apple Q3 2013 Earnings Preview

by Todd Haselton | July 23, 2013July 23, 2013 7:30 am PST


Apple will release its third quarter 2013 earnings after the bell on Tuesday, and Wall Street’s expectations have already been compiled by Fortune. The general consensus is that Apple is going to report a decline in revenue over the same period last year, or flat revenue at the most . One analyst with Susquehanna thinks Apple’s drop-off could be as much as 29 percent while another analyst with Braeburn Group predicts a 7 percent decline in year-on-year revenue.

According to Fortune’s usual roundup of both pro and independent analysts, the average expectation is $35.37 billion in revenue and an earnings per share of $7.48. The average prediction for iPhone sales is 27.12 million units for the quarter, followed by 4.89 million iPod unit sales, 18 million iPad unit sales and 3.86 million Mac units.

As a quick refresher, Apple posted a net profit of $9.5 billion during the second quarter, $43.6 million in revenue and an earnings per share of $10.09. The company shipped 37.4 million iPhones, just under 4 million Macs and 19.5 million iPads during the second quarter.


Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...