“Here’s the thing about Apple’s earnings announcement today: It’s even more of a puzzle than usual,” Jon Fortt reports for CNBC. “Why? Mainly the iPhone.”
“Typically, Apple introduces a new iPhone at the end of June, creating a revenue surge and bringing lots of traffic to Apple Stores for weeks after,” Fortt reports.
But this year Apple has delayed the launch of a new iPhone, which raises a few questions:
• Will Apple give a lower-than-usual guidance number because of the later iPhone launch? And if so, will that spook the street?
• Did iPhone 4 sales come in higher than usual because shoppers weren’t expecting a new phone any moment?
• Did margins come in higher because of (a) the iPhone 4’s longer run (b) higher device volume and (c) low component costs?
Fortt reprots, “Add in the fact that Apple’s cash hoard is likely to go above 70 billion dollars, and, well — it’s going to be an interesting report.”
Read more in the full article here.
MacDailyNews Note: We will have the earnings report information today around 4:30pm EdT/1:3-pm PDT and we will present live notes from Apple’s Q311 Conference Call with analysts later today starting at 5pm EDT/2pm PDT.