Home » apple stock » earnings reports » Apple earning Q3 outlook reports july 24 2012

Saturday, July 21, 2012

Apple earning Q3 outlook reports july 24 2012

Apple earning Q3 outlook reports july 24 2012, apple Q3 eps report 7/23/2012, : Apple Inc. (NASDAQ:AAPL) is going to report its third quarter results on Tuesday, July 24. Analysts predict that the company will report a slight decrease in iPhone sales, because the device was launched last year, and most recently Samsung’s Galaxy S3 is giving it a tough competition

But iPad will make up for the difference. The latest version of iPad was launched about two weeks before the beginning of the third quarter. First and second quarters of this year have been strongest for the company. Combined earnings for the last two quarters equaled the total sales of FY11.

Analysts polled by Thomson Reuters expect Apple to post double-digit earnings and revenue growth when the technology stalwart reports Tuesday july 24 2012 .

Though some have questioned the company’s ability to maintain its strong momentum, Apple’s second-quarter results topped analyst expectations, again driven by strong sales of its iPhone and iPad products. The company’s success comes as it rides the proliferation of smartphones that is reshaping the technology landscape. Apple is also driving the changes with products it is able to convince consumers and businesses to buy despite a sluggish economy.

Earlier this year, Apple unveiled plans to return some of its cash hoard to shareholders by declaring a long-awaited quarterly dividend.

Apple Inc. (NASDAQ: AAPL) is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The company has a market capitalization of $572.87 billion. It is expected to report FY 2012 third-quarter EPS of $10.38 on revenue of $37.35 billion, compared with a profit of $7.79 a share on revenue of $28.57 billion in the year-ago period. Apple is trading around $612.54 a share. So far this year, the stock has gained 51.28 percent.


Apple’s total revenue for the third quarter is expected to be $38.9 billion, in which, iPhone alone will account for 50 percent, iPad 24 percent and MacBooks 16 percent. Apple’s official estimate is a revenue of $34 billion and $8.68 earning per share.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

apple stock
earnings reports
Posted by at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)