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Record-breaking quarter for Apple, say forecasts


Apple will announce its financial results for the second quarter 2012 on 24 April

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Analysts expect Apple to report another record-breaking quarter later this month after exceeding expectations in the first quarter of 2012.

Apple will reveal its financial results for its second quarter on Tuesday 24 April in a conference call with analysts at 9pm BST, the company said this week.

Apple's chief financial officer Peter Oppenheimer predicted revenue could hit $32.5 billion (£20.5 billion) and earnings per share of $8.50. This compares to revenue of $24.67 billion and earnings of $6.40 a share for the same period last year.

However the second quarter isn't expected to match up to its first three months when Apple generated revenue of $46.33 billion (£29.2 billion) and made a $13.06 billion profit.

Expectation among analysts is high. Mark Moskowitz of investment bank JP Morgan is particularly optimistic, expecting revenue to hit $39.1 billion with earnings per share of $10.80, up from his earlier predictions of $34.9 billion in revenue and $9.42 earnings per share.

Moskowitz said sustained demand for the iPhone 4S as well as the launch of the third-generation iPad in March would drive revenue in the second quarter, which ended 31 March.

"Our research indicates that the iPhone and iPad shipment activity in the supply chain implies major upside potential to our previous estimates. We are not trying to inflate expectations," Moskowitz told investors in a note distributed this week.

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Record-breaking quarter for Apple, say forecasts
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