“Apple Computer may have better than expected financial results due to unwarranted concerns about its first quarter that have kept its prices low,” FinancialWire reports. (FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc.)
“The Cupertino based company has just finished an internal investigation into its stock options practices and cleared CEO Steve Jobs of any wrongdoing in the case. Apple has no plans for any major product introductions until a new line of iPods that will be rolled out in 2007,” FinancialWire reports.
FinancialWire reports, “The company is expected to report earnings of $6.72 billion when it provides its financial results.”
Full article here.
MacDailyNews Note: Apple will announce Q4 earnings on October 18th after market close.
Apple’s 2006 earnings and unit sales information through Q3:
• Q1 (ended 12/31/05): revenue of $5.75 billion, net quarterly profit of $565 million, 1.254 million Macs, 14.043 million iPods
• Q2 (ended 04/01/06): revenue of $4.36 billion, net quarterly profit of $410 million, 1.112 million Macs, 08.526 million iPods
• Q3 (ended 07/01/06): revenue of $4.37 billion, net quarterly profit of $472 million, 1.327 million Macs, 08.111 million iPods
Apple to announce Q4 earnings October 18th – October 03, 2006