14 DAY TRIAL // Apple has confirmed plans to hold a conference call in mid-January next year with the purpose of disclosing financial results for the company’s first fiscal quarter for 2011.
“Apple plans to conduct a conference call to discuss financial results of its first fiscal quarter on Tuesday, January 18, 2011 at 2:00 p.m. PT,” the Mac maker has announced via its Investor Relations web site.
“A link to the conference call webcast will be provided at a later date,” Apple added.
On October 18, 2010, Apple announced financial results for its fiscal 2010 fourth quarter ended September 25, 2010.
The company posted record revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share.
Apple compared these results to revenue of $12.21 billion and net quarterly profit of $2.53 billion, or $2.77 per diluted share, recorded in the year-ago quarter.
Gross margin was 36.9 percent compared to 41.8 percent in the year-ago quarter, while international sales accounted for 57 percent of the quarter’s revenue, Apple confirmed in October.
A full year back, the Financial Accounting Standards Board amended the accounting principles related to certain revenue recognition.
Apple was quick to adopt the new accounting principles on a retrospective basis during the first quarter of 2010.
Significantly changing how Apple accounts for certain items, the new accounting principles particularly target sales of iPhone and Apple TV.
However, the earnings releases for periods prior to Q1 2010 are presented as originally issued and do not reflect the application of the new accounting principles.
With each quarterly earnings call, Apple assumes no obligation to update any forward-looking statements or information which speak as of their respective dates.