Apple Announces Its Most Important Conference Call in Years
FY 13 First Quarter Results Conference Call scheduled for Wednesday, January 23
Apple has released an official press statement announcing its first financial conference call for 2013. The conference is scheduled for Wednesday, January 23, 2013, 2:00 p.m. PST/5:00 p.m. EST.As usual, Apple is making the conference call available as a webcast, as well as a continuous rebroadcast beginning Wednesday, January 23 at 5:30 p.m. PST/8:30 p.m. EST through Wednesday, February 6 at 5:30 p.m. PST/8:30 p.m. EST.
“Apple will provide live audio streaming of its FY 13 First Quarter Results Conference Call using Apple’s industry-leading QuickTime multimedia software,” reads the official announcement.
“The live webcast will begin at 2:00 p.m. PST on Wednesday, January 23, 2013 at www.apple.com/quicktime/qtv/earningsq113 and will also be available for replay for approximately two weeks thereafter,” Apple says.
To listen to the webcast you need an iPhone, iPad or iPod touch running iOS 4.2 or newer, any Macintosh computer running OS X 10.5 (Leopard) or newer, or any Windows PC running QuickTime 7 or later.
Financial analysts are keeping a close eye on Apple this time around as there are rumors that the company’s hot-selling products are suddenly not so hot anymore.
The Wall Street Journal recently churned out a story that said Apple had cut some of its iPhone component orders in response to low purchase demand.
Some optimistic analysts quickly defended the Cupertino mammoth saying Apple was actually responding to improved manufacturing yields, and that the cut in part orders could also be the result of switching to new technologies – all fair assumptions.
Barclays analyst Ben Reitzes says the pressure is on for CEO Tim Cook and Chief Financial Officer Peter Oppenheimer who are likely to lead the discussions at tomorrow’s conference call.
The analyst believes tomorrow’s conference is the company’s most important call in years.
Cook and Oppenheimer will have to answer questions regarding the rumors about decreasing demand for the iPhone 5, tightening profit margins, and more.