Apple updated its investor relations page today to note that it will announce its earnings for the third fiscal quarter (second calendar quarter) of 2013 on Tuesday, July 23. The earnings release typically occurs just after 4:30 PM Eastern Time following the close of regular stock trading, and the conference call is scheduled to follow at 5:00 PM Eastern / 2:00 PM Pacific.
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MacRumors will provide running coverage of the earnings release and conference call.
The release will provide a look into the strength of iPhone 5 and iPad mini sales into their third quarter of availability, and perhaps updates on the new products announced at WWDC. Apple's stock price is down some 23 percent year-to-date and roughly 300 points off its highs of last year. Analysts have continuing concerns about Apple's ability to innovate without Steve Jobs, though the current price is up slightly from the previous earnings call.
In the past two July earnings calls, Apple has announced the imminent launch of OS X Lion and Mountain Lion, though there is no indication yet that Mavericks will launch the day after the call.
Apple reported strong results three months ago when it announced a dramatic increase in its share repurchase authorization and a larger dividend payment. Apple should update investors on the progress of its share repurchase program.
Apple provided guidance for the third quarter of fiscal 2013 for revenue of between $33.5 and $35.5 billion and gross margin between 36% and 37%.
Top Rated Comments
I bet stock will go down follow that.
Then bet on it, if you're so sure.
You mean those who purchased the stock before 2012... right?
Really sorry for the stockholders that bought it later, while it bubbled to 500, 600, 700, thinking it could go up forever, and got screwed.
When someone else gets rich, someone else gets poor. That's the game of stocks. Wonderful world.
lol one question tho. When you saw the stock tumbling down to 600, why not sell then? I don't want to come off as being mean, legitimate question.
I can't answer for him. It's a logical question now, but no-one then was privileged to what was to happen next. The stock market is unpredictable for even the most knowledgeable of experts. Too many uncontrollable variables. A nuclear disaster, recurring tornadoes, tsunamis with massive flooding, gas plant explosions, civil uprising in the third world (some of whom control part of our energy supply), all could send the market in a tailspin faster than you can yell "SELL OFF". Of course no need to point out that the first three of the above scenarios have actually played out in the last few years.