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Apple to Announce Q1 2011 Financial Results on January 18th
Apple today issued a media alert announcing details for next Tuesday's release of its financial results for the first fiscal quarter of 2011, corresponding to the fourth calendar quarter of 2010. The results will be released after the close of Tuesday's trading at approximately 4:30 PM Eastern / 1:30 PM Pacific. Apple's conference call discussing the results will follow at 2:00 PM Pacific and will be available via a live audio webcast. MacRumors will provide running coverage of the conference call highlights.
Apple's first fiscal quarter of 2011 was relatively quiet when it came to new product introductions after a busy previous quarter. The only notable product introduction during the quarter leading up to and including the holiday season was the revamped MacBook Air that saw a new, sleeker design, flash-only storage, and an 11.6-inch model joining the previously-existing 13.3-inch size.
For the quarter, analysts are predicting net earnings of $5.36 per share on revenue of $24.34 billion, above Apple's guidance of $4.80 profit per share on $23 billion of revenue. Apple's year-ago results for the first fiscal quarter of 2010 included net earnings of $3.67 per share on revenue of $15.68 billion.