AAPL Doing Well Ahead of Earnings Report
Apple will release its Fiscal Year Third Quarter earnings report and call this afternoon at 2:00 p.m. PDT/5:00 p.m. EDT. The company will be offering live audio streaming of its conference call, which will be available as a continuous rebroadcast starting at 5:00 p.m. PDT/8:00 p.m. EDT through Tuesday, August 2 at 5:00 p.m. PDT/8:00 p.m. EDT.
The call comes less than a week after rival Google’s most recent earnings report. In Google’s conference call, CEO Larry Page announced that Android activations were up to 550,000 phones activated a day (he said “phones” not devices, but not certain whether or not that includes tablets).
Apple will no doubt give the latest numbers on iOS devices.
Apple stock is doing pretty well ahead of the report. There have been some questions about the upcoming report surrounding the fact that Apple didn’t release a new iPhone yet, as they had for previous June reports, but clearly, there is a lot of optimism. The new iPhone is of course expected in September.
It can’t hurt that a new survey this week found that smartphone buyers want Apple over Android.
Stock hit an all-time high yesterday, nearing a 350 BIllion Market Cap, and it’s up in morning trading.
We’ll cover Apple’s report today as it’s released.