Monday May 20th, 3:28PM EDT
INO.com Traders Blog
Expert Charts, Trading Tips and Technical Analysis from INO.com
Adam will be on Bloomberg at 3PM today w/ Adam Johnson and Trish Regan for a markets roundtable discussion.
The December quarter, Apple's first quarter of FY2013, was 13 weeks in length versus 14 weeks in the prior-year period. Apple's fiscal quarters are usually 13 weeks in length and always end on a Saturday. Every 5 or 6 years, depending on the number of leap days in the multi-year period, Apple adds a 14th week to its first fiscal quarter to align fiscal quarters closer to calendar quarters. On a weekly basis, Apple's revenue was $4.2 billion in the recent December quarter versus $3.3 billion in the prior-year period. On an equal week basis, revenue in the quarter rose 26.7%.
However, the market's response to the December quarter results drove the share price down more than 12%
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