Apple to release earnings on Thursday, October 25

Tue, Oct 2, 2012


Apple yesterday updated its investor relations page and disclosed that it will be issuing its earnings from the fourth fiscal quarter of 2012 on Thursday, October 25.

Last quarter, Apple recorded a hugely profitable three months, but the financials were slightly lower than what analysts were anticipating – a rare miss for a company that typically blows analyst expectations out of the water.

This time around, Apple has projected revenue of $34 billion and EPS of $7.65. It will be interesting to see how Apple’s strong iPhone 5 sales, perhaps, lift those numbers even higher. While Apple reported sales of 5 million iPhone 5s on launch weekend, many feel that the number was in fact higher due to an inordinate number of pre-orders which hadn’t yet arrived by the time Apple calculated its final tally.

In any event, we’ll keep you apprised of how the “experts” on Wall St. think Apple will do as they scramble to update their earnings guidance in the coming weeks.


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