When Apple announces its third fiscal quarter earnings later on Tuesday, Wells Fargo analyst Maynard Um expects we're in for a pleasant surprise in the form of better than expected gross margins. Mr. Um has been expecting the Mac, iPhone and iPad maker to report a gross margin of 36.7 percent, but now thinks the company could do even better.
Apple's 2013 third fiscal quarter earnings report is scheduled to start at about 5PM eastern time, or 2pm pacific time, after the market closes. The Mac Observer will be here with our usual coverage and analysis for the conference call.
With Apple's third fiscal quarter earnings report scheduled for next week, Verizon is giving us a hint at what we may be able to expect from iPhone sales, and the numbers look good. Verizon announced its second fiscal quarter numbers on Thursday with 3.9 million iPhones sold -- a 44 percent increase year-over-year.
Apple will host its 2013 third fiscal quarter earnings conference call on Tuesday, July 23, after the stock market closes. The Mac, iPhone and iPad maker said during its second quarter earnings report that it is expecting this quarter's revenue to come in between US$33.5 billion and $35.5 billion with gross margins between 27 and 36 percent.
Apple's stock jumped more than 3 percent Monday, helped by news that the company filed for a trademark for "iWatch" in Japan and an upgrade from Raymond James Equity Research. Shares of $AAPL closed at US$409.22, a gain of $12.69 (+3.20 percent), on moderate volume of 14 million shares trading hands.
With Apple's annual World Wide Developer Conference behind us for another year, analysts are looking through the pieces the company dropped in our laps during the keynote presentation for clues as to what might be coming next. Wells Fargo analyst Maynard Um thinks iOS 7's fall release schedule means we'll get a new iPhone in September, and he also thinks iTunes Radio will be a tool to draw in and keep new customers.
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I've been expecting new iPhones in September along side the release of iOS 7, and Maynard Um is in agreement. It's time to start saving up for you new iPhone.
Apple is getting ready to retake control of the narrative, according to Barclays analyst Ben Reitzes. At the same time, that means that Apple lost control of that narrative in the first place, and Bryan Chaffin says that Apple can only blame itself.
Millions of people have had their lives profoundly affected by Apple and its products. However, few people understand the nature of that vision, and how it can incite both ringing joy and deep disappointment, other than the Apple Investor.
Shares of Apple Inc. continued their rally on Tuesday, rising more than 2.9 percent, helped in part by news the company successfully completed a US$17 billion bond sale. Apple plans to use the money to finance a larger dividend for shareholders and an aggressive stock buyback plan.
Shares of Apple Inc. rose more than 3 percent on Monday, goosed in part on rumors that the company could begin selling the next iPhone in July. $AAPL closed at US$430.12, a gain of $12.915 (+3.10 percent), on heavy volume of 22.8 million shares.
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