“Apple is set to announce its fiscal fourth quarter results for the quarter on Tuesday 21 October at 2pm PDT (10pm BST) [5pm EDT],” Karen Haslam reports for Macworld UK.
“Given the turbulent economy, and the fact that the value of Apple’s stock has been cut in half this year, it is likely to be a telling conference call between Apple and analysts,” Haslam reports.
“Many will be looking for clues as to how Apple is being affected by the credit crunch,” Haslam reports.
MacDailyNews Take: We’d have replaced “how” with “if.” Apple may or may not be significantly affected; for now, we simply do not know either way. We do, however, confidently expect Apple to provide conservative guidance which Wall Street will take as a “bad” sign, even though Apple almost always provides overly-conservative guidance.
Haslam continues, “The financial results report will also hint at just how successful the iPhone 3G has been for Apple since this quarter (which ended 30 September) will be the first in which investors will see its impact on Apple’s income.”
“If hard times do arrive, Apple has $20.8 billion in cash and no debt, while the outlook is stormy, the company seems set to come out the other side smiling,” Haslam reports.
Full article here.
The cash and corporate economic problems will greatly impact the Windows PC box makers. Vista will continue killing their sales.
This is the quarter and year that Apple will rapidly take market share. Also, the iPhone 3G halo will help all around the world.
Apple, all by itself, will not be abble to buy back the US trillons $ dept.
Too many $ bank-notes and treasory bounds have been printed and distributed out there in the wild.
Apple is the bright shiny side of the actual US economy, but it is just too tiny besides the big waste!
Fortunately, I’m prepared either way. If Apple announces numbers which Wall Street likes, and the share price goes up – that’s great for the stock I already own. If on the other hand, the stock goes down, I’m prepared to purchase more shares.
Peace.
It’s a good idea Lurker_PC… and if the money itself isn’t worth anything anymore, you won’t have lost very much anyway neither.
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