“It’s that time of year again. We are just a couple of days away from Apple (AAPL) releasing its quarterly earnings report, which will be its fiscal first quarter.,” Bill Maurer writes for Seeking Alpha. “Apple will report after the close on Monday, January 27th.”
“Each quarter, I provide an extremely detailed preview of Apple’s completed quarter and a brief discussion of the quarter to come,” Maurer writes. “Each time around, I try to highlight one central theme as the key for both the reported quarter and the one Apple will be providing guidance to. It may not be much of a surprise, but the most important part this time around is China, and not just because of the China Mobile (CHL) deal.”
“On Monday, Apple will report its fiscal first quarter results, likely to be the greatest sales quarter in the company’s history,” Maurer writes. “The company will potentially sell more than 55 million iPhones and 25 million iPads. Apple’s net income for the quarter will be close to Google’s net income for the entire year. I expect it to be a solid quarter, but I wouldn’t be surprised if guidance is a little light as Apple starts to digest the early China Mobile results. I’m also sure that the “Apple is dead” bear crowd will probably nitpick at something in the report that’s not 1000% great, just because that crowd cannot handle Apple’s success. China will be the key in both Q1, through the pull-through of results, and Q2, thanks to the China Mobile deal.”
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MacDailyNews Note: As usual, MacDailyNews will cover Apple’s conference call with live notes. After we bring you Apple’s Q114 results right around 1:30 p.m. PST/4:30 p.m. EST, check our home page around 1:45 p.m. PST/4:45 p.m. EST for the link to our live notes.
Apple to hold Q114 earnings results conference call on Monday, January 27th – January 23, 2014