With the second fiscal quarter of 2013 (first calendar quarter) at an end, Apple Inc. (AAPL) is once again set to report its quarterly earnings. AAPL will announce the Q2 2013 earnings results on April 23, exactly 3 months after they announced the Q1 earnings of 2013. The company notified the public of this earnings call by posting the date on its investor relations page.
Normally, Apple’s earnings calls start around 4:30 PM Eastern Time at around 5:00 PM Eastern / 2:00 PM Pacific because stock trading, which happens on the East Coast stops for the day around 4:20 PM. Apple proposed that this quarter, the company will record revenue between $41 and $43 billion and gross margin between 37.5% and 38.5%. Majority of the revenue will come from the sale of the iPad mini and the iPhone 5.
Three months ago, the company reported one of its most successful quarters, increasing its revenue and profit each year. However, in recent weeks and months, the company has experienced a major drop in stock price after reports began suggesting that Apple was no longer and innovative company and that it had nothing new to move towards now that Steve Jobs was gone.
It will be interesting to see how Apple’s CEO Tim Cook will handle the earnings call, especially since many of the negative reports on the company’s innovation emerged very recently.