14 DAY TRIAL // iPhone maker Apple Inc. has announced plans to hold a conference call to discuss the bottom line of its third fiscal quarter three weeks from now.
As usual, the announcement is posted on the company’s Investor Relations site, where it states, “Q3 FY13 Earning Release. Apple plans to conduct a conference call to discuss financial results of its third fiscal quarter on Tuesday, July 23, 2013 at 2:00 p.m. PT / 5:00 p.m. ET.”
The discussions from the conference call, including the Q&A with investors, will be available as an audio stream which requires iPhone, iPad, or iPod touch running iOS 4.2 or above, any Mac running OS X 10.5 (Leopard) or above, or any Windows PC running QuickTime 7 or later.
When it reported the financial results of its last quarter (Q2 – 2013), Apple posted its usual guidance for the next quarter, estimating about $34 billion / €26 billion in revenue, gross margin between 36 percent and 37 percent, around $3.9 billion / €2.9 billion in operating expenses, and a tax rate of 26%.
Apple sold 37.4 million iPhones in the last quarter (compared to 35.1 million in the year-ago quarter), as well as 19.5 million iPads (up quite a bit from the 11.8 million sold in the year-ago quarter).
The company moved close to 4 million Macs (just like in the year-ago quarter).
Apple’s CEO, Tim Cook, said at the time, “We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad.”
“Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline.”
The company’s Chief Financial Officer, Peter Oppenheimer, added, “Our cash generation remains very strong, with $12.5 billion in cash flow from operations during the quarter and an ending cash balance of $145 billion.”
Apple’s shares yesterday recorded a new nine-month low (since the $700 / €535 peak in September 2012), closing at around $396 / €303.
Today Apple’s shares are sitting at $409 / €313 on rumors that the company is extending its business with a new product cycle.