AppleInsider Staff
Apple announced on Wednesday that it will reveal results for the first fiscal quarter of 2013 on Jan. 23, which will be followed by an earnings conference call expected to cover initial statistics for the holiday season as well as performance numbers for the iPad mini.
The announcement was posted to Apple's Investor Relations webpage and noted the conference call will start on Wednesday, Jan. 23 at 2:00 p.m. Pacific/5:00 p.m. Eastern. A live audio stream of the call will be available here.
In the fourth quarter of 2012, Apple saw a 25 percent boost in profits thanks to strong sales of 44 million iDevices, including 26.9 million iPhones, for the three month period. Revenue for fiscal 2012 reached over $156 billion on sales of more than 200 million iOS devices, 18 million Macs, and 35 million iPods.
For the upcoming report, Apple forecast revenue of $52 billion and diluted earnings per share of about $11.75 for the quarter ending in December. The multitude of new product launches and product line refreshes, like the iPad mini, iPhone 5 and newly redesigned iMac line, are expected to drive down gross margins that could equate to a decline of 400 basis points for the three month period.
As always, AppleInsider will be offering live coverage of the earnings report and ensuing conference call on Jan. 23.
William Gallagher
Christine McKee
Chip Loder
Malcolm Owen
22 Comments
Aww, crap! The marquee tag doesn't work here. I can see it working in the post preview, but it doesn't stay when the post is committed!
I can't wait. The street is giving Apple a gift this year with their negative sentiment. It's going to be a huge upside surprise.
[quote name="jakeb" url="/t/155283/apples-fiscal-q1-2013-earnings-conference-call-set-for-jan-23#post_2253353"]I can't wait. The street is giving Apple a gift this year with their negative sentiment. It's going to be a huge upside surprise. [/quote] You obviously haven't been around long. The street always manages to latch on to some tiny bit of bad news no matter how overwhelming the good news is.
Actually that's been proven false. Amateur investors around here only seem to remember the times it went down, but it's been just as likely to rise. Which is as it should be. 50/50.
Ok, nobody but me has the balls to say it. (/s)
Apple will sell 50 million iPhones, 25 million iPads (12,5 million each), 20 million iPods (especially the touch model), and 6 million Macs.
If Apple does not sell this amount of devices, I expect the stock to go as low as 450, even if it should be 1000 ALREADY (growth, growth potential, the only ones innovating since 2000, by far the biggest difference in quality between Apple devices and competitors, huge amounts of net profit).
Why those numbers? If Apple fails to meet ALL (or more) these numbers, bad press will come. Apple can sell 400 million iDevices this quarter, but if they sell 5 million macs, the press will say Apple should stop making them. If Apple sells less than 20 million iPods, no matter what, the main news will be: "iPod is dead. what next? is apple doomed?". You can see the trend here... Hell, Apple can even sell more/better than that, but if the mini outsells the 9.7" iPad, expect the stock to drop because of concerns related with margins and average price per iPad sold.
Am I wrong? I think I'm not.
People forget that good analysts DO NOT EXIST, because if you are a good analyst, you do not need to work for the rest of your live.
Stupid people (Analysts, for example) are the ones responsible for this time of difficulty. They are the ones that start rumors, hype, create expectations and spread fear. Apple Stock is a great example. There's no logic behind it, just stupid people.