Date: Tuesday, October 8th, 2013, 06:55
Category: Finance, News
The financial results are coming.
Per AppleInsider, Apple on Monday announced that it will release its fourth fiscal quarter results immediately following the close of the stock market on October 28.
The results, which cover the company’s operations from July through September, will include the first full week of sales for the company’s sales record-breaking iPhone 5s and iPhone 5c.
As usual, Apple will conduct a conference call to discuss the financial results on Monday, October 28, 2013 at 2:00 p.m. PT / 5:00 p.m. ET. In the last quarterly call, Apple reported earnings of US$6.9 billion on sales of 31.2 million iPhones, 14.6 million iPads, and 3.8 million Macs. That quarter saw Apple doing US$35.4 billion in total revenue.
The forthcoming call will likely give investors and tech industry observers some notion of just how well Apple’s newest iPhones are doing. The devices sold nine million units in just their first three days of availability, and investors will be eager to see how that may impact Apple’s bottom line. The new iPhones, though, were only on sale for the last ten days of the quarter, and their true impact may not be fully felt until Apple’s Q1 FY14 reporting.
Apple, though, did appear encouraged by the performance of its newest handsets. Following the launch weekend for the iPhone 5s and 5c, Apple revised its earnings guidance upward. The company expects its earnings to be near the high end of its previously provided range of US$34 to US$37 billion. It also believes its gross margin will fall at the higher end of its previous range of between 36 and 37 percent.
Stay tuned for additional details as they become available.