Apple Inc (NASDAQ AAPL) is set to release its earnings numbers for the three months through June next week, and investors are excited to see what the company has in store. The company will show exactly how much it earned in the three months on Tuesday July 22. In the last five days the company’s shares have lost close to 1%, though that’s likely more due to world events than earnings expectations.
Great iPhone demand is set to make up for a shortfall in iPad sales. The June quarter is usually a slow one at Apple Inc. (NASDAQ AAPL). The company is a long way away from a product release in the quarter, and people usually put off getting a new smartphone because the release of the new iPhone is, according to each year’s rumors, just around the corner. This year may be different, however, as the company’s wider base appears to have bolstered demand.
Analysts are looking for the company to show sales of around 35.8 million iPhones for the quarter, but the more optimistic among them reach higher, saying that the Cupertino company could have sold as many as 40 million phone in the quarter.
Apple Inc (NASDAQ AAPL): Apple Q3 Earnings
Consensus figures show analysts looking for the company to show earnings of $1.22 per share for the third quarter on revenue totalling $37.93 billion. some analysts are taking it a little bit farther, however, and are expecting the company to have had another record beating quarter earlier this year.
Despite the bigger than expected iPhone number likely to come through this quarter, not everything is looking perfect at Apple Inc. (NASDAQ AAPL) for the third quarter. The company appears to be selling fewer and fewer iPads, a trend that may cause concern about the company’s future. Apple Inc. (NASDAQ AAPL) has always relied on the iPhone for the majority of its revenue, but the company at least showed a modicum of diversity with the iPad.
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Apple Inc financial news (NASDAQ AAPL)
Sales of the tablet may be falling, but the incredible revenue power of the iPhone is sure to make up for that decline in the coming quarter. Apple Inc. (NASDAQ AAPL) may have created the single most profitable product of all time in their smartphone, and, if the analysts are right, the company is going to continue to profit off of the device for a long time to come.
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