Apple Inc. (NASDAQ:AAPL) said Monday that the company will announce its fiscal second quarter (first three months of 2014) results on Wednesday, April 23 after the bell. The tech giant will hold a conference call at 5:00 p.m. ET on the same day. Just like the past few conference calls, Apple CEO Tim Cook is likely to tease “new product categories” the company is planning to enter this year.
Apple’s Q2 results to include sales from China Mobile
It will be an interesting earnings session for Apple Inc. (NASDAQ:AAPL) as Q2 results will include sales from China Mobile Ltd. (NYSE:CHL) (HKG:0941). The Chinese telecom carrier began selling iPhones on January 17. That should give a big boost to the tech giant in the seasonably dull March quarter. Susquehanna Financial Group analyst Chris Caso said the Chinese company is likely to sell three million iPhones during the quarter.
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During the second quarter of FY2014, Apple Inc. (NASDAQ:AAPL) focused on revamping its existing lineup. The company launched an 8GB version of its iPhone 5C to boost sales. It discontinued the iPad 2 and relaunched the fourth-generation iPad. Apple also released the first major update to its iOS 7 operating system. For the first quarter, Apple sold record iPhone and iPad sales during the crucial holiday season. The deal with Japan’s NTT Docomo Inc (ADR) (NYSE:DCM) (TYO:9437) also helped iPhone sales.
Apple forecasts Q2 revenues of $42-$44 billion
Apple Inc. (NASDAQ:AAPL) sold 51 million iPhones, 26 million iPads and about 4.8 million Macs during the first quarter ending December. As a result, its net profits soared to $13.1 billion on revenues of $57.6 billion. For the second quarter, the tech giant forecasts revenues of $42 billion to $44 billion with gross margins between 37% and 38%. That reflects almost negligible growth from $43.6 billion revenue in the same quarter in 2013. However, Apple has a track record of crushing estimates, so a higher revenue can’t be ruled out.
Apple Inc. (NASDAQ:AAPL) shares ticked up 0.05% to $537 in pre-market trading Tuesday.