“Apple (AAPL) reports its fiscal year third-quarter earnings after the bell,” Jeff Macke reports for Yahoo Finance. “The worlds largest company by market capitalization is expected to report $10.35 per share on $37.2 billion in sales but the real news, as always, will center around what they have in the pipeline for the balance of the year.”
“According to Porter Bibb, managing partner at MediaTech Capital Partners, Apple results should be better than fine. Bibb says Apple has had a “phenomenal” quarter and expects the company to report growth of greater than 50% or $11.68,” Macke reports. “As for what’s coming for rest of the year Bibb says to look for a new (smaller) iPad for the back-to-school period as well as a sleeker, faster new iPhone sporting a dramatic correction for one of Apple’s rare misstep features. ‘They’ve finally solved the problem of Siri,’ says Bibb. ‘Siri is going to blow everyone’s mind with the effectiveness and the wonderful, eclectic responses you’re going to get from this mysterious voice inside your iPhone.'”
MacDailyNews Take: Beta.
Macke reports, “Don’t look for the product line to expand further on the mobile side, Bibb says Apple has all the tools they need. ‘iPad is the template for the future… I don’t think they’re going to come up with a new machine any time soon that’s going to obsolete the iPhone and the iPad.'”
Read more in the full article here.
MacDailyNews Note: Apple reports fiscal Q312 earnings results today after market close. We will have them results as soon as they are available, right around 4:30pm EDT. As usual, we will also provide live notes from Apple’s Q312 Conference Call starting at 5pm EDT today, July 24.