In an SEC filed earlier this week, Apple reaffirmed its third quarter revenue outlook of US$1.6 billion, according to a
Wall Street Journal
report [Subscription required].
Apple expects third-quarter revenue to be flat or increase slightly compared to the second quarter. In the second quarter, which ended March 30 2002, Apple posted a $40 million profit or $.11 per diluted share — analysts polled by Thompson First/Call were expecting Apple to report $.10 per share.
Analysts surveyed by Thomson/First Call expect Apple to report 13 cents a share for its third quarter.
Reiterating what was said during a conference call with Apple CFO Fred Anderson on April 17, the SEC filing indicated an additional 20 retail outlets would be opened by the company this year. Apple also doesn’t expect the stores to be profitable before the end of the year.
“We’re driving to profitability as soon as we can,” Anderson said. “We hope to have a profitable quarter for our retail stores in the last half of the calendar year.”