Apple to Report Second Quarter Earnings This Afternoon

Apple Rainbow LogoA quick reminder that Apple will be announcing its financial results for the second quarter of the fiscal year at 4:30 PM Eastern, with many Wall Street analysts on edge about how the Cupertino-based corporation performed during the three month period. Despite increasing sales and revenues from its products, Apple has been heavily scrutinized about its future outlook due to increasing competition and shrinking profit margins.

Yahoo Finance (via 9to5Mac) predicts that Apple will report upwards of $42.5 billion in quarterly revenues, based on analyst’s sales predictions of 36.5 million iPhones, 18.3 million iPads, 4.1 million Macs and 6.25 million iPods. In January, Apple posted its best quarterly financial results ever in the aftermath of a strong holiday shopping season. Yet, since that time, its stock has fallen from the $700 mark to around $400 per share.

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