8 Oct 2013

Apple to Announce Its Q4 2013 Earnings on Monday, 28th October

This seems to be a good quarter for the folks at Cupertino. The company managed to gain the top spot in the Interbrand list, making it the most valuable brand in the world. Later, it was announced that Apple is the top smartphone manufacturer in the US.
Recently, Apple updated its investor relations web page mentioning that the company will hold its quarterly conference call to discuss the company’s performance in the fourth quarter of 2013 (third calendar quarter) on Monday, 28th of October.
The call will start at 2:00 p.m. PT and 5:00 p.m. ET and users who wish to know about them can also listen to the audio webcast on Apple’s investor relations page here. Apple will also publish a press release reporting their financial results before the conference call begin.
We hope to find out everything related to company’s performance, its sales especially of the recently launched iPhone 5S and iPhone 5C in the opening weeks. Although Apple did announce that it managed to sell a record-breaking 9 million iPhones (combined) in the opening weekend.
In the last quarterly call, Apple made some projections and said that it’s expecting revenue of around $34 to $37 billion and a gross margin between 36 and 37 percent. Additionally, Apple expects its expenses to be between $3.9-3.95 billion, with a tax rate of 26.5 percent.
We’ll find out how well did the company perform by the end of this month. Stay tuned.
Source: 9to5Mac


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