Josh OngThe 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.
William Gallagher
Wesley Hilliard
Christine McKee
Malcolm Owen
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57 Comments
Analysts keep raising the bar and Apple keeps leaping over it. This can't go on forever. Irrational exuberance is starting to be a possibility. I'm a certified KoolAid drinker but even I know that Apple can't continue at this pace much longer. The haters are sharpening their knives for the inevitable fall from Wall Street's graces. It's just a matter of when.
Analysts keep raising the bar and Apple keeps leaping over it. This can't go on forever. Irrational exuberance is starting to be a possibility. I'm a certified KoolAid drinker but even I know that Apple can't continue at this pace much longer. The haters are sharpening their knives for the inevitable fall from Wall Street's graces. It's just a matter of when.
The issue I see going on is the analysts continuing to set the bar higher, and higher to where it can never be reached. So even though Apple will continue to sell everything under the sun and continue with having problems meeting demand, the analysts will forecast the "Apple lost its luster" scenario, the trolls will come out proclaiming "We've seen this coming for years!", everyone will dump their stock, only to buy again when it's cheap and do the roller-coaster ride again.
The issue I see going on is the analysts continuing to set the bar higher, and higher to where it can never be reached. So even though Apple will continue to sell everything under the sun and continue with having problems meeting demand, the analysts will forecast the "Apple lost its luster" scenario, the trolls will come out proclaiming "We've seen this coming for years!", everyone will dump their stock, only to buy again when it's cheap and do the roller-coaster ride again.
So you'd prefer the analysts to set the bar lower, so it appears that Apple's earnings growth rate is slower? Be careful what you wish for! As for roller coasters, that's what the market is already, especially where AAPL is concerned.
Incidentally, AAPL has already lost its luster. The stock has substantially underperformed the markets for the past ten weeks or so. The question for now is whether a strong earnings report in January can bring its luster back.
Analysts keep raising the bar and Apple keeps leaping over it. This can't go on forever. Irrational exuberance is starting to be a possibility. I'm a certified KoolAid drinker but even I know that Apple can't continue at this pace much longer. The haters are sharpening their knives for the inevitable fall from Wall Street's graces. It's just a matter of when.
Apple currently has only 10% of the PC market
The smartphone market is still growing.
The tablet market is exploding
The Mp3 player market has peeked with apple controlling 70%
the iPhone and iPad did not exist 4 years ago.
Four years from now there may be another profit engine that is currently unknown.
I'm sure Steve has more tricks up his sleeve (literally). iWatch iTime
Incidentally, AAPL has already lost its luster. The stock has substantially underperformed the markets for the past ten weeks or so. The question for now is whether a strong earnings report in January can bring its luster back.
You are so full of crap... for the past 10 weeks AAPL has performed on par with the Nasdaq and outperformed the DOW. Stop lying.
Here is a nice google finance chart for your viewing pleasure.