Apple to report Q1 2012 earnings on January 24

Wed, Jan 4, 2012


Apple today announced that it will report its earnings from the current holiday quarter on Tuesday, January 24, 2012.

The current quarter, which is Apple’s first fiscal quarter of 2012, promises to be a complete blowout as it encompasses the wildly successful launch of the iPhone 4S and the always profitable holiday shopping season. What’s more, Apple during its last earnings conference call predicted that the next quarter would set an iPhone sales record, which is quite a bold statement coming from a company that tends to undersell and over deliver.

But given that Apple sold over 4 million iPhone 4S devices in just the first weekend of its availability, coupled with Apple’s fastest international rollout to date and the free-with-contract iPhone 3GS, Apple certainly has a few reasons to be confident. As it stands now, the current quarterly iPhone sales record stands at 20.3 million iPhones.

Some analysts are also predicting a record number of Mac sales for the quarter. It’ll be particularly interesting to see how Apple’s iPad sales come in, especially in light of increased competition from Samsung and, more notably, Amazon’s Kindle Fire which has been selling quite well.

As for Wall St. expectations, the consensus amongst analysts is that Apple will deliver revenue of $38.16 billion and profits of $9.83 billion.


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