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Apple to Announce Q4 2013 Earnings on October 28

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Apple updated its investor relations page today to note that it will announce its earnings for the fourth fiscal quarter (third calendar quarter) of 2013 on Monday, October 28. The earnings release typically occurs just after 4:30 PM Eastern Time following the close of regular stock trading, and the conference call is scheduled to follow at 5:00 PM Eastern / 2:00 PM Pacific.

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MacRumors will provide running coverage of the earnings release and conference call.

The release will provide an early look into iPhone 5s and 5c sales across their first weeks of availability, as well as updates on the new products announced at WWDC. Apple's stock price is down some 8.3 percent year-to-date and roughly $180/share off its highs of last year. Analysts have continuing concerns about Apple's ability to innovate without Steve Jobs, though the current price is up quite a bit from the previous earnings call.

In its third-quarter earnings call, Apple guided expected revenue of $34-37 billion and gross margin between 36 and 37 percent for the fourth quarter. If Apple makes the low revenue number, it will have generated more than $167 billion in earnings for the 2013 fiscal year, a rise of more than $10 billion from 2012.

Article Link: Apple to Announce Q4 2013 Earnings on October 28
 
Article Link
https://www.macrumors.com/2013/10/07/apple-to-announce-q4-2013-earnings-on-october-28/
I can never remember. . .do these calls follow major product launches typically or precede them?
 
Man, Apple is frakking killing me with the wait on new Haswell-based MacBook Pros, not to mention the very-damn-overdue updated Thunderbolt Display (new case/USB3).
 
avanpelt said:
I can never remember. . .do these calls follow major product launches typically or precede them?
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The timing of the call is largely predetermined based on being one month after quarter end. Some product launches are probably slightly delayed so they can be announced after the earnings release and not muddy the waters. But the two are really unrelated.

They do not do product launches or announcements on these calls.
 
darkslide29 said:
Here we go, countdown to once again not being able to meet unrealistic expectations, and the Apple is doomed comments. :eek:
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More likely analysts will be interested in Apple's projections for Q1 (i.e. the current holiday quarter). This is historically when Apple does best, and if a China Mobile deal is happening in November, then it could be reflected in the projections.

They may "beat" or "miss" in Q4, but what they project for Q1 will likely drive the price more. They have already guided the Street toward the top end of their projections for Q4, so whatever happened shouldn't be a big surprise.
 
I think Apple shareholders will see a nice bump after the numbers are released but if the price drops it will offer an opportunity to buy even more shares at depressed prices. You can't lose :D
 
Why discuss the low end of their guidance? Apple already did a special announcement in connection with the blow out iPhone 5S sales that they are going to come in toward their high end of the original guidance. Apple wouldn't have made such announcement unless they felt their original guidance was way too low.

This was from their 8-K on September 23.

On September 23, 2013, Apple Inc. (the "Company") announced that it has sold over nine million new iPhone 5s and iPhone 5c models, just three days after the launch of the new iPhones on September 20.

Apple expects total company revenue for the fourth fiscal quarter to be near the high end of the previously provided range of $34 billion to $37 billion, and expects gross margin to be near the high end of the previously provided range of 36% to 37%.
 
TallManNY said:
The timing of the call is largely predetermined based on being one month after quarter end. Some product launches are probably slightly delayed so they can be announced after the earnings release and not muddy the waters. But the two are really unrelated.

They do not do product launches or announcements on these calls.
Click to expand...

But they have launched new OS versions and minor hardware revisions in separate press releases either contemporaneous with the earnings call or the day after.
 
If you'll remember back to last year, the iPad 4 and mini were announced two days before the Q4 earnings call (OCT 23rd and 25th).

*edit*
And they announced the iPad 4/mini media event on the 16th. I assume we'll be seeing the same thing in the next couple weeks.
 
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MacRumors said:
In its third-quarter earnings call, Apple guided expected revenue of $34-37 billion and gross margin between 36 and 37 percent for the fourth quarter. If Apple makes the low revenue number, it will have generated more than $167 billion in earnings for the 2013 fiscal year, a rise of more than $10 billion from 2012.
Click to expand...

It's also worth noting that after the 5S/5C release weekend, Apple revised it's guidance to be in the upper end of both expected revenue and gross margin.
 
KPOM said:
More likely analysts will be interested in Apple's projections for Q1 (i.e. the current holiday quarter). This is historically when Apple does best, and if a China Mobile deal is happening in November, then it could be reflected in the projections.
Click to expand...

Apple will not factor in a China Mobile deal into their quarterly guidance until it is a done deal. Apple is notoriously conservative with their guidance. If a deal is made after issuing their guidance, they'll just file another 8K and revise it upwards like they did after the 5C/5S launch weekend.
 
$167 billion in revenues, not earnings

"...it will have generated more than $167 billion in earnings for the 2013 fiscal year..."

Um...pretty sure you mean revenues, not earnings...
 
Couldn't Apple come up with some better news update today...."Mac Pro Release Date...Mavericks Set for Release Date...Haswell MacBook Pros Update Release Date." Who cares about an earnings call? We want results...
 
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