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Thread: Apple to Have Fourth Quarter Earnings Conference Call on October 28

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  1. #1
    MMi Staff Writer Akshay Masand's Avatar
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    Default Apple to Have Fourth Quarter Earnings Conference Call on October 28


    Apple recently said it plans to announce its fourth fiscal quarter results immediately following the close of the stock market on October 28. The results will cover the company’s operations from July through September and will include the first week of sales for the company’s sales record-breaking iPhone 5S and iPhone 5C/ The Cupertino California company will conduct a conference call to discuss the financial results on Monday October 28, 2013 at 2:00 PM PST/ 5:00 PM EST.

    In the last quarterly earnings call, Apple reported earnings of $6.9 billion on sales of 31.2 million iPhones, 14.6 million iPads and 3.8 million Macs. In that specific quarter, Apple saw $35.4 billion in total revenue.

    The upcoming call will likely give investors and tech industry observers some notion of how well Apple’s newest iPhones are doing. The devices sold nine million units in the first three days of availability and investors will be eager to see how that may impact Apple’s bottom line. The new iPhones though were only on sale for the last ten days of the quarter, so their true impact may not be felt until Apple’s first quarter earnings call in 2014.

    The Cupertino California company did appear to be encouraged by the performance of its latest handsets. After the iPhone 5S and 5C launch weekend, Apple revised its earnings guidance upward. The company expects its earnings to be near the high end of its previously provided range of $34 to $37 billion. It also believes its gross margin will fall at the high end of its previous range of between 36% and 37%.

    Source: Apple

    Twitter: @AkshayMasand

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    My iPhone is a Part of Me
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    That's a really late earnings call. They usually have it around the 15th of the month, all of apple's new OSX releases have come out the day after an earnings call. I would put money on it that they'll do the same this time around.

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