“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.