Apple Q3 earnings date

A time has been set for Apple's third-quarter earnings conference call, the company has announced. The call is currently scheduled for July 21, 2008, at 2PM Pacific time; Apple says it will eventually link the appropriate webcast relay in advance of the event. Figures announced in the report could prove critical to Apple, but would not incorporate sales from the iPhone 3G, which launches on July 11st; investors should not expect detailed figures however, as Apple has elected to amortize iPhone revenue, delaying full reporting until 2009.

Apple has also undergone dramatic shifts in stock value during the past quarter, having once approached the $190 mark, while presently sitting at approximately $168 (as of June 26th). Analysts are generally said to be optimistic, but concerns have been raised that Apple will lose out in the long-term by not collecting subscription revenue from iPhone carriers.

by MacNN Staff