Re:Apple reports first quarter results
by jldugger on Thursday February 01, 2024 @05:17PM
(#39222215)
> I'm trying to wrap my head around this 14-week quarter business.
If there were exactly 52 weeks in a solar year, you could do 13 week quarters. There are 52 weeks and 1 day. So every few years you need a leap week to catch back up with the solar year. The reason to do this as 1 week every seven years and not one leap day is that you have weekly seasonality and keeping a round number of weeks makes quarters more comparable.
But note that this quarter was 13 weeks, it was last year's that was 14, which is probably why the financials dont mention it?
If there were exactly 52 weeks in a solar year, you could do 13 week quarters. There are 52 weeks and 1 day. So every few years you need a leap week to catch back up with the solar year. The reason to do this as 1 week every seven years and not one leap day is that you have weekly seasonality and keeping a round number of weeks makes quarters more comparable.
But note that this quarter was 13 weeks, it was last year's that was 14, which is probably why the financials dont mention it?