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AAPL Stock: 98.15 ( -0.23 )

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Apple's fiscal Q3 results call coming July 24

updated 07:43 pm EDT, Mon July 2, 2012

Sequential drop in sales expected

Apple is set to deliver its fiscal third-quarter sales results on July 24th at 2 p.m. Pacific time, according to its updated investor relations page. Though the company did introduce the refreshed MacBook line and other products last month, the impact of those announcements will be felt more significantly in the fourth quarter, leading to a consensus (and guidance from Apple) that overall sales will be down somewhat from last quarter.

Although results are expected to be good, the arrival of hotly-anticipated products like the Retina MacBook Pro came too late in the quarter to have a major impact, though Apple's portable lineup has continued to be the dominant traditional computer product in recent quarters. The lack of expected refreshes to the iMac and the promise of a new Mac Pro in 2013 is expected to cause a drop in sales of desktops, and Apple had cautioned in its previous conference call that iPhone sales are likely to drop slightly from the expection-beating highs of last quarter.

Apple's sales outside North America, along with continued high demand for the iPad and slowly-growing sales of the Apple TV may help offset some of the softer numbers expected this quarter, and component costs have been seen to be dropping, which may also help the company maintain a high profitability. Due to the ongoing growth in foreign markets as well as the strong product lineup, Apple may be able to manage overall growth in revenues despite some weakening sales areas.

One element analysts can expect is more detail on the just-initiated dividend and stock buy-back programs. The stock closed today at $592.52 and is over $593 in current after-hours trading, a jump of around $25 since the closing on Friday. The company is presently valued at $554 billion in market capitalization.

The call will be webcast on the company's QuickTime servers and will be available for replay after the event concludes. MacNN will provide coverage and analysis of the results as they happen.




by MacNN Staff

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