Estimates for Apple’s 1st Fiscal Quarter 2013

Values in millions, except for earnings per share.

  2013Q1 2012Q1
iPhone: 49.0 x $630 = $30,870 $24,417
iPad: 24.0 x $490 = $11,760 $9,153
Mac: 5.2 x $1,350 = $7,020 $6,598
iPod: 14.0 x $165 = $2,310 $2,528
Other music related: $2,500 $2,027
Peripherals and other hardware: $750 $766
Software, service and other sales: $950 $844
Net sales: $56,160 $46,333
     
Cost of sales: -$33,977 -$25,630
Gross margin: (39.5%) $22,183 $20,703
Operating expenses: -$4,100 -$3,363
Operating income: $18,083 $17,340
Other income and expenses: $350 $137
Income before provision for income taxes: $18,433 $17,477
Provision for income taxes: (25.9%) -$4,774 -$4,413
Net income: $13,659 $13,064
     
Earnings per diluted share: (950,000,000 shares) $14.38 $13.87

Published on December 28th, 2012, and revised from initial numbers.

Disclosure: Long various vertical AAPL call option spreads.

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