Following the publication of its third fiscal quarter of 2020 results, Apple CEO Tim Cook and Chief Financial Officer Luca Maestri are providing additional detail surrounding the particulars of the report during an hour-long conference call.
Apple has reported revenue earnings of $59.7 billion for the third quarter of 2020, beating Wall Street estimates, in a quarter where the company continues to feel the effects of the COVID-19 pandemic.
Investment bank Cowen is expecting Apple to report June quarter earnings in-line with the larger Wall Street consensus, and adds that Services and the upcoming 5G "iPhone 12" will boost the company's momentum going forward.
Loop Ventures analyst Gene Munster expects Apple's June quarter to have lower than usual financial results, but says the earnings report will show there are key signs that Apple remains on track to grow and even find positives from coronavirus.
Apple has announced that it will reveal its quarterly earnings for the third fiscal quarter of 2020 on July 30, detailing how the company is faring during post-WWDC and during a surge in new COVID-19 cases in the U.S.
Investment bank Wedbush is predicting that the "iPhone 12" will launch at about the same time that the iPhone X did, and despite coronavirus challenges, 5G will induce a super-cycle for Apple in 2020 and 2021.
The smartphone industry is recovering from COVID-19 production slumps, although Cowen analysts suggest smartphone demand is still uncertain and Apple's flagship iPhones could launch a month or two later than usual.