Apple Inc. (AAPL) recently updated their investor relations page to mention that they are going to announce their Q4 quarter earnings. This is the third calendar quarter of the year and is scheduled for Thursday, October 25th. AAPL will live stream an audio webcast 5:00 PM Eastern / 2:00 PM Pacific which is generally the time that the Cupertino company scheduled other earnings calls in the past. The company will release details about sales of the iPhone 5.
Apple is expected to post a revenue of $34 billion and earnings per diluted share of $7.65. According to MacRumors, Apple is looking at $150 billion in sales, roughly $40 billion higher than 2011. This shows Apple’s exceptional growth over the past several years, topping iPad and iPhone sales each year and experiencing massive increases in revenue each quarter. Apple is expected to have also sold 27 million iPhones, fueled by the surge in sales from the iPhone 5. This quarter is slated for more success with revenues for Q3 of 2012 amounting to a total of $35 billion, with only $8.8 billion in quarterly net profit.
This is roughly $9.32 earnings per diluted share for Q3 of 2012. With the iPhone 5, the all new fifth gen iPod touch 5G with an all new metal design, and iPod nano with a larger screen and home button, Apple is also expected to have a breakthrough holiday quarter. The holiday quarter will most likely top 2011, because the iPod touch and nano did not receive updates last year and pent up demand from users waiting for product refreshes will naturally boost sales.