Apple to hold Q1 2013 earnings conference call on Wednesday, January 23rd

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Date: Thursday, January 3rd, 2013, 07:39
Category: Finance, News

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It’s nice to get the numbers back and see how you’re doing.

Per AppleInsider, Apple announced on Wednesday that it will reveal results for the first fiscal quarter of 2013 on Jan. 23, which will be followed by an earnings conference call expected to cover initial statistics for the holiday season as well as performance numbers for the iPad mini.

The announcement was posted to Apple’s Investor Relations web site and noted the conference call will start on Wednesday, Jan. 23 at 2:00 p.m. Pacific/5:00 p.m. Eastern. A live audio stream of the call will be available at this link.

In the fourth quarter of 2012, Apple saw a 25 percent boost in profits thanks to strong sales of 44 million iDevices, including 26.9 million iPhones, for the three month period. Revenue for fiscal 2012 reached over US$156 billion on sales of more than 200 million iOS devices, 18 million Macs, and 35 million iPods.

For the upcoming report, Apple forecast revenue of US$52 billion and diluted earnings per share of about US$11.75 for the quarter ending in December. The multitude of new product launches and product line refreshes, like the iPad mini, iPhone 5 and newly redesigned iMac line, are expected to drive down gross margins that could equate to a decline of 400 basis points for the three month period.

Stay tuned to the PowerPage for up to the minute coverage on the earnings come the 23rd.

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