Then there was the day that a couple of tweets from Carl Icahn sent Apple Inc.'s stock up almost 5 percent. That day was Tuesday, when shares of $AAPL rose US$22.21 (+4.75 percent) to close at $489.57, and it did so on three times the average volume with 31.3 million shares trading hands.
Apple hasn't officially announced an iPhone media event for September 10, but AllThingsD and The Loop are both saying it'll happen, and Piper Jaffray analyst Gene Munster thinks we'll see the introduction of two new iPhone models with a third to follow in the first half of 2014.
Apple's iPhone brought in 53 percent of the profits in the worldwide smartphone market during the second calendar quarter of 2013. Samsung swallowed almost all of the rest of the market's profits, too, show that right now the smartphone market is a two horse race.
Apple's third fiscal quarter iPhone sales came in above expectations at 31.2 million units, although many of those were the lower priced iPhone 4. Canaccord Genuity analyst Michael Walkley says that supports the idea that Apple needs a fresh iPhone model that costs less than the iPhone 5, and he thinks that will come this fall.
Shares of Apple Inc. jumped more than 5.5 percent on Wednesday in the wake of the company's third quarter earnings report on Tuesday. Investors were cheered by the news that Apple sold more than 31 million iPhones during the June quarter, well above even the most optimistic analyst projections. The company's guidance was also taken as an encouraging sign by investors. Bryan Chaffin explains why this matters.
Apple may have tipped its hand during its third fiscal quarter earnings report on Tuesday and hinted at the launch date for the next iPhone model. That date, according to Wells Fargo analyst Maynard Um, is September 27.
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Apple already confirmed iOS 7 and OS X Mavericks are coming this fall, so that looks like a perfect time to release new iPhones, too. Mr. Um is right in that Apple typically launches new iPhone sales on Fridays, so September 27 looks like a pretty logical date to roll out the iPhone 5's successor.
Apple announced earnings for the June quarter (Apple's fiscal Q3) of US$6.9 billion on revenue of $35.3 billion. Apple's earnings per share (EPS) of $7.47 beat consensus estimates of $7.30 per share, while revenue beat estimates of $35 billion.
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.
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