Apple Q3 2010 Financial Results Set for July 20th

[MacRumors]

Apple today issued a media alert announcing details for tomorrow's release of its financial results for the third fiscal quarter and second calendar quarter of 2010. The results will be released after the close of tomorrow's trading at approximately 4:30 PM Eastern / 1:30 PM Pacific. Apple's conference call discussing the results will follow at 2:00 PM Pacific and will be available via a live audio webcast. MacRumors will provide running coverage of the conference call highlights.

Apple's third fiscal quarter saw a number of significant product introductions, beginning with the iPad very early in the quarter to begin a multi-stage roll-out across a number of countries. The company followed with revised MacBook Pros just ten days after the initial iPad launch and a MacBook update in mid-May. A redesigned Mac mini made its appearance in mid-June near the end of the quarter, with the iPhone 4 launching in several countries just three days before the end of the quarter. The company did announce, however, that it sold over 1.7 million iPhone 4s in those three days.

For the quarter, analysts are predicting net earnings of $3.10 per share on revenue of $14.74 billion, above Apple's guidance of $2.28-$2.39 profit on $13.0-$13.4 billion of revenue. Apple's year-ago results for the third fiscal quarter of 2009 initially included net earnings of $1.35 per share on revenue of $8.34 billion. Those calculations were based, however, on earlier accounting methods that utilized "subscription accounting" for iPhone and Apple TV revenue. Apple adopted revised accounting standards at the beginning of fiscal 2010, and after retrospective application (PDF) of the new standards, the year-ago quarter yielded net earnings of $2.01 per share on revenue of $9.73 billion.

Article Link: Apple Q3 2010 Financial Results Set for July 20th

 

[aughsum]

cha-ching.

 

[UFOGoldorak]

Tomorrow is the day the antenna issue truly goes away.

 

[Grimace]

Closing in on MSFT's gross revenue too. If not this quarter, then definitely next quarter!

 

[talkingfuture]

This is the first results with iPad sales on it isn't it? Should be interesting.

 

[conceptuweasel]

Are you kidding me? No mention whatsoever of desktop Macs? Maybe they can finally spend some of that money they've made off of all the portable stuff on their real customers and put out the loooong overdue Mac Pro and iMac.

I'm getting close to looking into making a Hackintosh.

edit:
I guess this is just a media alert (we know the media has been ignoring desktops for a long time now), but there better be some real info in the report tomorrow.

 

[Chintan100]

Are you kidding me? No mention whatsoever of desktop Macs? Maybe they can finally spend some of that money they've made off of all the portable stuff on their real customers and put out the loooong overdue Mac Pro and iMac.

I'm getting close to looking into making a Hackintosh.

edit:
I guess this is just a media alert (we know the media has been ignoring desktops for a long time now), but there better be some real info in the report tomorrow.

You expect too much from an Apple earnings call.

 

[ReallyBigFeet]

I bet RIM, Nokia, etc. are all sitting around this morning in a board room saying "So.....how can we stir the turds on the forums to blow up some little bug way out of proportion?!?!?!? Look at what that press did for Apple!!!!!!"

There is no such thing as bad publicity.

 

[aughsum]

Are you kidding me? No mention whatsoever of desktop Macs? Maybe they can finally spend some of that money they've made off of all the portable stuff on their real customers and put out the loooong overdue Mac Pro and iMac.

I'm getting close to looking into making a Hackintosh.

edit:
I guess this is just a media alert (we know the media has been ignoring desktops for a long time now), but there better be some real info in the report tomorrow.

Also expect release dates for an iOS-based AppleTV, the wireless touchpad, iWatch, cloud-based iTunes, Verizon iPhone.

 

[Thex1138]

I bet RIM, Nokia, etc. are all sitting around this morning in a board room saying "So.....how can we stir the turds on the forums to blow up some little bug way out of proportion?!?!?!? Look at what that press did for Apple!!!!!!"

There is no such thing as bad publicity.

Yeah because they're in denial that they got the same antennae problems as HTC, RIM and Apple... but Apple makes more money than them...

 

[SnowLeopard2008]

Are you kidding me? No mention whatsoever of desktop Macs? Maybe they can finally spend some of that money they've made off of all the portable stuff on their real customers and put out the loooong overdue Mac Pro and iMac.

I'm getting close to looking into making a Hackintosh.

edit:
I guess this is just a media alert (we know the media has been ignoring desktops for a long time now), but there better be some real info in the report tomorrow.

Is there anything wrong with the desktop Macs? Is there a specific piece of hardware that you absolutely need for work or business? Mac Pros are workstations. Workstations need long term support and stability, not the latest and fastest consumer processor.

New iMacs and Mac Pros are coming. The current ones are still very powerful and more than enough for most consumers' needs.

 

[Jimrod]

Yeah because they're in denial that they got the same antennae problems as HTC, RIM and Apple... but Apple makes more money than them...

Just because Steve told you that it doesn't make it true - it's not the SAME problem, it's attenuation from your hand blocking radio waves that all phones suffer - the iP4 suffers from that AS WELL as it's own flaws of skin contact with the antenna, can you stop any of those phones working with one fingertip? (besides pressing the "off button" )

 

[P-Worm]

There is no such thing as bad publicity.

Tell that to BP or Toyota.

P-Worm

 

[MorphingDragon]

Just because Steve told you that it doesn't make it true - it's not the SAME problem, it's attenuation from your hand blocking radio waves that all phones suffer - the iP4 suffers from that AS WELL as it's own flaws of skin contact with the antenna, can you stop any of those phones working with one fingertip? (besides pressing the "off button" )

button that ejects the SIM or battery?

 

[Jimrod]

button that ejects the SIM or battery?

Dammit you evil genius! Actually neither of those work on the iPhone too...

 

[adrian.oconnor]

Tell that to BP or Toyota.

P-Worm

Is the Toyota thing still massively negative over in the states? It's hard to read the situation from the other side of the pond. As far as I can tell, the major accidents that have been investigated so far all seem to point to user error (pressing the accelerator by mistake, not the accelerator sticking). I know there have been problems, and recalls were necessary, but that happens all the time in the auto world.

BP are in pretty dire straights right now though. I suspect that they'll still make $20bn profit a year though. Oil just seems to work that way.

 

[lllll]

I'm waiting for another financial meltdown to invest.

Apple today issued a media alert announcing details for tomorrow's release of its financial results for the third fiscal quarter and second calendar quarter of 2010. The results will be released after the close of tomorrow's trading at approximately 4:30 PM Eastern / 1:30 PM Pacific. Apple's conference call discussing the results will follow at 2:00 PM Pacific and will be available via a live audio webcast. MacRumors will provide running coverage of the conference call highlights.

Apple's third fiscal quarter saw a number of significant product introductions, beginning with the iPad very early in the quarter to begin a multi-stage roll-out across a number of countries. The company followed with revised MacBook Pros just ten days after the initial iPad launch and a MacBook update in mid-May. A redesigned Mac mini made its appearance in mid-June near the end of the quarter, with the iPhone 4 launching in several countries just three days before the end of the quarter. The company did announce, however, that it sold over 1.7 million iPhone 4s in those three days.

For the quarter, analysts are predicting net earnings of $3.10 per share on revenue of $14.74 billion, above Apple's guidance of $2.28-$2.39 profit on $13.0-$13.4 billion of revenue. Apple's year-ago results for the third fiscal quarter of 2009 initially included net earnings of $1.35 per share on revenue of $8.34 billion. Those calculations were based, however, on earlier accounting methods that utilized "subscription accounting" for iPhone and Apple TV revenue. Apple adopted revised accounting standards at the beginning of fiscal 2010, and after retrospective application (PDF) of the new standards, the year-ago quarter yielded net earnings of $2.01 per share on revenue of $9.73 billion.

Article Link: Apple Q3 2010 Financial Results Set for July 20th

 

[mcmlxix]

Are you kidding me? No mention whatsoever of desktop Macs? Maybe they can finally spend some of that money they've made off of all the portable stuff on their real customers and put out the loooong overdue Mac Pro and iMac.

I'm getting close to looking into making a Hackintosh.

edit:
I guess this is just a media alert (we know the media has been ignoring desktops for a long time now), but there better be some real info in the report tomorrow.

In a list of products that came out during 3rd quarter, and therefore impact 3rd quarter earnings, why would there be a mention of a product that didn't come out during 3rd quarter?

 

[doug in albq]

the stock is taking a pretty hard dive this morning.

 

[Jimrod]

Do we really need to bring that crap in this thread?

Actually I was reading elsewhere that Apple may have "peaked" - their prices, at least in the UK are getting just a little too high for the related performance. Mac Mini was the prime offender - £650 ($1000) for a glorified laptop without screen when it used to be something like £350-400. Apple have always been expensive but it's just getting to the point where you have to wonder if it's worth the outlay. Windows 7 has improved things for Microsoft a fair bit and other machines all offer the frills such as Blu-Ray which Apple refuse to bundle in. Hell I even think the newer iMac's don't look as good as the previous ones... Could it be the bubble is starting to slowly deflate? Apple do seem to be spending an awful amount of their resource on phones and "toys" like the iPad - they may be forgetting their core customers to a degree.

 

[mcmlxix]

the stock is taking a pretty hard dive this morning.

The NASDAQ (though to a lesser extant) is down too. Also if you look at the 3 month average, AAPL isn't at it's lowest, at least not yet.

Edit: Now the NASDAQ is up. It might be better to look at the end of the day to make conclusions.

 

[Umbongo]

Is there anything wrong with the desktop Macs? Is there a specific piece of hardware that you absolutely need for work or business? Mac Pros are workstations. Workstations need long term support and stability, not the latest and fastest consumer processor.

New iMacs and Mac Pros are coming. The current ones are still very powerful and more than enough for most consumers' needs.

While that is true, the Mac Pros are out dated and due for an update. Apple have previously based updates around the introduction of new processors and these came out over 3 months ago (edit: 4 months ago). Every other workstation vendor has long since updated their system offerings to include Xeon 5600 processors and newer 3500 and 3600 versions. The graphics cards are also cause for contention as they are 2 year old technology now.

People are reluctant to buy something so outdated and Apple aren't going to say when they will release new products so you end up with a lot of frustration.

 

[mcmlxix]

While that is true, the Mac Pros are out dated and due for an update. Apple have previously based updates around the introduction of new processors and these came out over 3 months ago.

Maybe Apple is testing it to make sure there are no problems with it if you touch it.

 

[mentholiptus]

Bought a 17" MacBook Pro i7, iPhone 4, and CS5 master suite on june 15th. All were the best tech purchases I've made in years.

 

[-aggie-]

Hey if I'm getting quoted as starting crap then I'll point out it wasn't me (especially ill-informed crap) - childish I know but I'm having one of those anti-fanboy type days, probably due to yet more mocking texts from friends asking if messages really were "sent from my iPhone" or if I'd typed them on the computer and sent them to pretend I had signal...

I really wasn’t trying to pick on you. I was just hoping it wouldn’t become a repeat of the other news discussion about the Taiwanese video. I’ve already had to take the iPhone Forum off Forum Spy. Anyway, at least your next post was back on topic.

I actually don’t think any of this is hurting Apple’s stock. The stock was somewhat stagnant before the iPhone 4 went on sale. Maybe what you said in the other post is what is actually happening. I own a Mac and several PC’s, and the Mac I bought was a refurb, since I refused to pay as much for a new one.