The Register® — Biting the hand that feeds IT

Feeds

Apple ups revenue estimates in wake of nine million–phone weekend

Now predicts total take to squeak past that of same quarter in 2012

5 ways to reduce advertising network latency

In a filing with the US Securities and Exchange Commission, Apple has announced that it now expects its revenue to come in at the high end of the range it projected when it announced its financial results for its third fiscal quarter of 2013 this July.

In the filing this Monday, Apple CFO Peter Oppenheimer cited the sale of nine million iPhone 5s and iPhone 5c units in the three days since their release last Friday.

Although he avoided a direct use of words such as "because" or "due to," his intent was clear – so we will. Because of the strong sales of its two new handsets, "Apple expects total company revenue for the fourth fiscal quarter to be near the high end of the previously provided range of $34 billion to $37 billion," Oppenheimer wrote, and due to those sales, Apple "expects gross margin to be near the high end of the previously provided range of 36% to 37%."

Expectation-management is everything when dealing with Wall Street, and such tools as SEC filings can be used to put a rosy gloss on the figures that analysts will concoct in the run up to Apple's financial report for its current quarter, which ends this Saturday.

Apple has not yet said when those numbers will be released, but last year's report for Cupertino's final quarter of its fiscal year was published on October 25, 2012. In that quarter, Apple's revenues were $36bn, and gross margins were 40 per cent.

As of Monday, Yahoo! Finance's poll of 47 analysts prognosticates revenues for Apple's current quarter to come in at an average of $36.1bn, with a low estimate of $34.5bn and a high of $38.13bn. It remains to be seen whether Oppenheimer's SEC filing will inspire any change in those numbers.

After an intra-day high of $496.91, Apple's stock closed on Monday at $490.69, up over 5 per cent on the day, and over 40 points higher than its its closing low since the new iPhones were announced, $450.12 on September 16. ®

Supercharge your infrastructure

Whitepapers

5 ways to reduce advertising network latency
Implementing the tactics laid out in this whitepaper can help reduce your overall advertising network latency.
Avere FXT with FlashMove and FlashMirror
This ESG Lab validation report documents hands-on testing of the Avere FXT Series Edge Filer with the AOS 3.0 operating environment.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Email delivery: 4 steps to get more email to the inbox
This whitepaper lists some steps and information that will give you the best opportunity to achieve an amazing sender reputation.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?

More from The Register

next story
Elop's enlarged package claim was a cock-up, admits Nokia chairman
'Twas an 'accident' to say whopping £15.6m payoff was unremarkable
Oracle's Ellison talks up 'ungodly speeds' of in-memory database. SAP: *Cough* Hana
Plus new, RAM-heavy hardware promises 100x performance improvement
BlackBerry Black Friday: $1bn loss as warehouses bulge with hated Z10s
Biz plan in full: (1) Keep pumping out phones NO ONE WANTS (2) ??? (3) Er, no profit
OUCH: Google preps ad goo injection for Android mobile Gmail app
Don't worry, fandroids, wallet-plumping serum won't hurt a bit
Would you hire a hacker to run your security? 'Yes' say Brit IT bosses
We don't have enough securo bods in the industry either, reckon gloomy BOFHs
Google tentacle slips over YouTube comments: Now YOUR MUM is at the top
Ad giant tries to dab some polish on the cesspit of the internet
Global execs name Apple 'most innovative company' – again
Google bumped down to number three by Apple arch-rival Samsung
Revolting peasants force Wikipedia to cut'n'paste Visual Editor into the bin
When Adam delved and Eve span, who was then the Wiki Man?
Google FAILS in attempt to nix Gmail data-mining lawsuit
No, Mr Ad Giant, you can't scan world+dog's emails without explicit consent
prev story