“Apple Inc. is scheduled to report its fiscal third-quarter results after the close of trading Tuesday, and the iPhone and iPad maker can expect close scrutiny from investors,” Rex Crum reports for MarketWatch.
“Analysts surveyed by FactSet estimate that Apple AAPL +0.08% will earn $1.23 a share for the quarter ended in June, which reflects the 7-for-1 stock split that took effect June 9. During the same period a year ago, Apple earned a pre-split $7.47 a share,” Crum reports. “Apple will report sales for what historically is its slowest business period of the year. However, many companies would kill for what counts as Apple’s weakest sales, as analysts are looking for Apple to report revenue of $37.98 billion. In last year’s third quarter, Apple turned in $35.3 billion in sales.”
“Apple can expect analysts on a conference call to ask about how it plans to incorporate Beats into its music business. In fact, there are likely to be questions about the company’s broader strategy for its iTunes store, as consumer tastes shift toward online streaming of music rather than downloading songs,” Crum reports. “Anything involving sales of iPhones and iPad will be closely watched for clues to Apple’s profit margins… Chief Executive Tim Cook is also likely to face questions about what Apple stands to gain from its newly announced mobility and enterprise partnership with IBM Corp.”
Read more in the full article here.
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