It's the earnings report everybody has been waiting for. Apple just announced earnings for the second quarter of its 2013 fiscal year, and the news is actually quite good.
Apple's own guidance for Q2 2013 expected revenues in the range of $41-43 billion, with gross margins in the range of 37.5 to 38.5 percent. Wall Street analysts were in the same general range, with institutional investors looking at an average earnings number of $41.82 billion and independent analysts a bit more bullish at $43.75 billion. Results for the same quarter last year were $39.19 billion in revenue, earnings per share of $12.30, and a gross margin of 47.4 percent.
Actual results for the quarter were as follows:
