Apple to report fiscal first quarter 2011 results Jan. 18Apple has revealed that it will publish the financial results of its first fiscal quarter of 2011 on Tuesday, January 18, with a conference call to discuss the results following immediately after.
The news was posted to Apple's investor website along with the notice that a link to the conference call webcast "will be provided at a later date." Apple will make the results public at 5:00 p.m. Eastern time, 2:00 p.m. Pacific, following the close of the stock market.
The results, which will include the holiday season, are largely expected to be record-breaking.
Apple's fourth fiscal quarter of 2010 results wowed Wall Street analysts, though limited supply of the iPad resulted in disappointing sales figures for the tablet device. The Cupertino, Calif., company's profits soared 70 percent year-over-year to $4.31 billion, driven by record sales of iPhones, Macs and iPads.
The iPhone maker projected in October that it will earn $23 billion in revenue and post diluted earnings per share of about $4.80 for the upcoming first fiscal quarter.
During the company's fourth quarter conference call, CEO Steve Jobs broke protocol and joined in on the call. Jobs' comments sparked several controversies by slamming competitors Google and RIM. According to Jobs, 7-inch tablets, such as the BlackBerry PlayBook, will be "dead on arrival."
Jobs also called Google's Android mobile OS fragmented and boasted that the iPhone had passed up sales of RIM's BlackBerry smartphones. Google VP Andy Rubin responded via Twitter by posting the instructions for downloading and installing the Android source code. RIM co-CEO Jim Balsillie responded that customers "are getting tired of being told what to think by Apple."
Analyst Shaw Wu of Kaufman Bros. predicts that Apple will sell 4.2 million Macs, 6.1 million iPads, 16 million iPhones and 17 million iPods in its first fiscal quarter of 2011.
On Topic: Investor
- Investor George Soros latest to snap up Apple stock as prices reach trough
- Warren Buffett's Berkshire Hathaway buys $1B of Apple stock
- Appaloosa unloads all Apple shares as other hedge funds trim position
- Alphabet again briefly overtakes Apple as America's most valuable company
- Apple Inc. shares reach ex-dividend as it gears up to distribute $2.9 billion to shareholders