Apple today updated its investor relations page to confirm it will announce earnings for its fourth fiscal quarter (third calendar quarter) of 2014 on October 20. The quarterly earnings statement will be released around 1:30 PM Pacific / 4:30 PM Eastern, with a conference call to discuss the report following at 2:00 PM Pacific / 5:00 PM Eastern.
This quarterly earnings report covers the period up to September 27 and will include early sales of the iPhone 6 and 6 Plus, which launched in a number of countries on September 19. With a highly anticipated China launch slated for October 17, iPhone sales in the current quarter are expected to continue to be strong. The company confirmed it sold a record-breaking 10 million iPhone 6 and 6 Plus units in the first weekend of sales and would have sold significantly more units if supply had not been constrained.
MacRumors will provide coverage of both the earnings release and conference call on October 20.
Top Rated Comments
Agree 100%. Although I would rather see the money for buy backs used towards new products, it gives me confidence on reducing downside risk as apple would swoop in and start buying during a decline giving us a proper price floor. Risk factors depend on personal factors such as age and so on. If you're young, you can afford to take more risk because you have a lot of earning years left, but as you get older and close to retirement, you can't risk loosing it all.
I'm not advocating to sell or predicting a price decline, even though it can easily go down to the high 80's as the market as a whole is overvalued. But I don't expect as much as growth as other companies in its sector.
Factor in the lack of risk, and I'm pretty comfortable holding onto AAPL. Investors always place far too much importance on growth potential and don't pay enough attention to risk.
The end of the fiscal Quarter and fiscal Year were September 27. That's just how the 52 weeks divided by 4 (13 week quarters) ends up, based on the start of their fiscal year.
I know exactly what PE is, so no need to explain it. Currently AAPL is selling for a multiple of roughly 16. Not a lot can be imputed from this PE, for one because it's right on the median of the S&P 500 currently, and for another, the stock was selling at a multiple closer to 10 not many months ago. In any event, none of this supports your point.