Apple Inc. (NASDAQ:AAPL) announced Monday that it would release the company’s earnings for the second fiscal quarter of 2014 on April 23.
The company announced the upcoming earnings session as part of an update to its Investor Relations page, which noted that a live-streaming audio from the conference call would be made available on the website staring at 2 p.m. PDT (5 p.m. EDT). CEO Tim Cook and CFO Peter Oppenheimer are expected to participate in the conference call, which would be followed by the usual question-and-answer session.
Although Apple did not introduce any new products during the three-month period ending in March, the company made some changes to its existing devices.
In March, Apple released a new iPhone 5c version with 8GB memory in some countries. The company also made another shuffle in its product lineup by replacing the entry-level iPad 2 with the 16GB version of the fourth-generation iPad with Retina display.
In its first-quarter earnings call, Apple reported record sales of its iPhone and iPad, thanks to impressive holiday demand for new products from each category. The company's new partnerships with China Mobile Ltd. (NYSE:CHL) and NTT Docomo Inc. (NYSE:DCM) contributed to the iPhone's growth in Asia, AppleInsider reported.
In the first quarter of 2014, Apple earned $13.1 billion in net profits over revenues of $57.6 billion. Apple sold 51 million iPhones, 26 million iPads and 4.8 million Macs during the three-month period ending in December.
Here is Apple’s guidance for the second quarter, highlighted by iDownloadBlog:
- Revenue between $42 billion and $44 billion
- Gross margin between 37 percent and 38 percent
- Operating expenses between $4.3 billion and $4.4 billion
- Other income/(expense) of $200 million
- Tax rate of 26.2 percent