Date: Monday, July 20th, 2015, 07:59
Category: Finance, News
Come tomorrow, we shall be reporting on Apple’s quarterly conference call.
The company announced that it will be broadcasting its quarterly conference call with analysts for Tuesday, July 21st, at 5:00 PM EDT, 2:00 PM PDT.
The most recent worry had been that China’s economy had put selling pressure on Apple’s stock as investors worries that the Chinese market, which is currently Apple’s biggest market, might stop buying iPhones. Those concerns have eased, however, as some Wall Street analysts have issued reports saying demand for iPhone remains strong in the country.
Interestingly, Apple has said that it won’t be releasing official sales numbers for the Apple Watch yet.
The guided revenue is pointing towards US$46 and US$48 billion, with gross margins between 38.5 percent and 39.5 percent.
Stay tuned for additional details as they come in tomorrow and please let us know what you think in the comments.
Via The Mac Observer