Adam will be on Bloomberg at 3PM today w/ Adam Johnson and Trish Regan for a markets roundtable discussion.
Watch Adam on Bloomberg TV today at 3pm
January 16, 2013 By
Monday May 20th, 3:28PM EDT
- S&P 500
- 1667.10
- -0.37 -0.02%
- Dow Indu
- 15344.15
- -10.25 -0.07%
- Nasdaq
- 3496.22
- -2.75 -0.08%
- Crude Oil
- 96.95
- +0.66 +0.69%
- Gold
- 1387.52
- +42.46 +3.16%
- Euro
- 1.28930
- +0.00500 +0.39%
- US Dollar
- 83.799
- -0.315 -0.41%
Strong
© Copyright INO.com, Inc. All Rights Reserved.
Dear Adam
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%