Initial Estimates for Apple's 1st Fiscal Quarter 2013

Values in millions, except for earnings per share.

 2013Q12012Q1
iPhone:46.0 x$630 =$28,980$24,417
iPad:31.0 x$490 =$15,190$9,153
Mac:5.3 x$1,350 =$7,155$6,598
iPod:15.0 x$165 =$2,475$2,528
Other music related:$2,500$2,027
Peripherals and other hardware:$750$766
Software, service and other sales:$950$844
Net sales:$58,000$46,333
   
Cost of sales:-$34,800-$25,630
Gross margin:(40.0%)$23,200$20,703
Operating expenses:-$4,100-$3,363
Operating income:$19,100$17,340
Other income and expenses:$350$137
Income before provision for income taxes:$19,450$17,477
Provision for income taxes:(25.9%)-$5,038-$4,413
Net income:$14,412$13,064
   
Earnings per diluted share:(950,000,000 shares)$15.17$13.87

Published on November 25th, 2012.

Disclosure: Long various vertical AAPL call option spreads.

Ilari Scheinin - firstname@lastname.fiCC BY-ND