“Today at about 4:30 p.m. Eastern, Apple will report its results for the March quarter, and the fog of rumors and speculation that has swirled around the company since January will lift — if only for a day or two,” Philip Elmer-DeWitt reports for Fortune.
“This is Apple’s quarterly reality check, its chance to answer questions that have weighed on the company’s stock price since September, driving it down — as we are reminded almost hourly on the business news channels — from over $700 to below $400,” P.E.D. reports. “By Wednesday morning the fog will have cleared. We’ll have some hard numbers and a sense of how the market will react.”
P.E.D. reports, “Then the rumors and speculation can begin anew.”
Read more in the full article here.
MacDailyNews Note: As usual, we will bring you Apple’s results as soon as they are available, right around 4:30pm EDT today. MacDailyNews also will present live notes from Apple’s Q213 Conference Call with analysts beginning around 4:50pm in an article posted at that time.