Apple Set to Release Q3 2011 Financial Results on July 19th

Apple today issued a media alert announcing details for next Tuesday's release of its financial results for the third fiscal quarter and second calendar quarter of 2011. As usual, 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 conference call webcast discussing Q3 - 2011 financial results will begin at 2:00pm PT/5:00pm ET on Tuesday, July 19, 2011.

Please note that comments made during this call may include forward-looking statements that are subject to risks and uncertainties, and that actual results may differ materially from these forward-looking statements. For more information on the factors that could influence results, please refer to Apple's SEC filings.
Apple's third fiscal quarter of 2011 saw the introduction of new Thunderbolt-equipped iMacs in early May, and also marked the first full quarter of availability for the iPad 2. Apple also quietly introduced new Time Capsule and AirPort Extreme base stations near the close of the quarter. Most of the rest of the company's Mac product lines have been awaiting the release of OS X Lion before seeing updates, while the iPhone did not see its traditional June introduction within the quarter.


For the quarter, analysts are predicting net earnings of $5.73 per share on revenue of $24.75 billion, above Apple's guidance of $5.03 profit per share on $23 billion of revenue. Apple's year-ago results for the third fiscal quarter of 2010 included net earnings of $3.51 per share on revenue of $15.7 billion.

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112 months ago

It's going to be an interesting read!

I'm curious though if they are going to release Lion before or after the announcement though. Many believe (including myself) it would be good "for the numbers" to do it prior to the 19th.


Once Apple announces the date of their earnings call, they DO NOT RELEASE NEW PRODUCTS until after the call. Not sure why everyone doesn't get this yet. It was obvious that there were not going to be any updates this week because of this.
Rating: 5 Votes
112 months ago

It's going to be an interesting read!

I'm curious though if they are going to release Lion before or after the announcement though. Many believe (including myself) it would be good "for the numbers" to do it prior to the 19th.


If Larry Page was the CEO, then he'll probably casually say during the call "We're uploading Lion as we speak".
Rating: 4 Votes
112 months ago

Nah, the leading candidate to replace Steve Jobs as CEO is the guy who has been acting CEO twice: Tim Cook.


The acting CEO who is as much responsible for Apple's success as Jobs. Apple's biggest competitive advantage is their supply chain which Mr. Cook has always been responsible for.
Rating: 2 Votes
112 months ago

Probably not. I agree with the resignation of Jobs would crash the stock. But I think Ive as CEO would not raise the stock either. Most people see him as not the best candidate as next CEO.

I don't either. For me the best next candidate as CEO is Scott Forstall.

Nah, the leading candidate to replace Steve Jobs as CEO is the guy who has been acting CEO twice: Tim Cook.

Steve: "I'm going away for a while. I think Tim can run the show."
Board of Directors: "Sounds good."
Rating: 2 Votes
112 months ago

It's going to be an interesting read!

I'm curious though if they are going to release Lion before or after the announcement though. Many believe (including myself) it would be good "for the numbers" to do it prior to the 19th.


The numbers are already done. :apple:
Rating: 2 Votes
112 months ago
It's going to be an interesting read!

I'm curious though if they are going to release Lion before or after the announcement though. Many believe (including myself) it would be good "for the numbers" to do it prior to the 19th.
Rating: 2 Votes
112 months ago

The acting CEO who is as much responsible for Apple's success as Jobs. Apple's biggest competitive advantage is their supply chain which Mr. Cook has always been responsible for.

Absolutely.

It's one thing to create innovative products. It's a totally different thing to bring them to market and make a tidy profit.

Tim Cook is a genius in managing the supply chain. His first brilliant move was to get Apple out of the manufacturing business and partner with contract manufacturers.
Rating: 1 Votes
112 months ago

Steve Jobs health is the most important thing for Apple.

He could announce his resignation and the stock would drop 20%.

Or they could announce a successor in Jonathan Ive and the stock would jump 10%.

Probably not. I agree with the resignation of Jobs would crash the stock. But I think Ive as CEO would not raise the stock either. Most people see him as not the best candidate as next CEO.

I don't either. For me the best next candidate as CEO is Scott Forstall.
Rating: 1 Votes
112 months ago


I'm curious though if they are going to release Lion before or after the announcement though. Many believe (including myself) it would be good "for the numbers" to do it prior to the 19th.


Maybe if Apple were some other company.

Everything I've seen leads me to believe that Apple's execs don't care about little bumps or weird manipulations in stock price like that. They believe that everything will work itself out in the end and aren't interested in those kinds of things.

I thought Q3 ended June 30, so it wouldn't make any difference to the numbers. Is that right?


He's not talking about sales, he's talking about people's excitement over Lion driving the stock up. And that's what I was talking about too...yeah, they may put something on sale at a particular time to get it in the quarter. But I don't think they care too much about pushing the price up on excitement alone. They know Lion will sell in the next quarter and that's what they care about. A $2 bump on 'excitement' doesn't last and doesn't mean anything and I think Apple agrees with that line of thinking.
Rating: 1 Votes
112 months ago

Steve Jobs health is the most important thing for Apple.

He could announce his resignation and the stock would drop 20%.

Or they could announce a successor in Jonathan Ive and the stock would jump 10%.

Maybe they could hire you and watch the stock jump off a cliff...
Rating: 0 Votes

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