Apple Inc. (AAPL) Q4 Financial Earnings Conference Call on October 28th
Apple Inc. (AAPL) will announce its Q4 FY13 earnings on October 28 during a conference call at 2:00 p.m. PT. AAPL CEO Tim Cook and CFO Peter Oppenheimer will discuss the results during the live earnings call.
The company set an all new record this year with the iPhone sales. Apple Inc. sold 9 million devices (iPhone 5s and iPhone 5c) during the launch weekend. Even though Apple did not release individual sales figures many reports published online have suggested that iPhone 5s sales were greater than the iPhone 5c.
Apple witnessed high demand for the iPhone 5s and because of the low yield rates of the fingerprint sensor the shipping date for many customers was pushed to October. The company is still struggling to meet the demand as the online store still mentions shipping in October as opposed to within 24 hours for the iPhone 5c.
iOS 7 has been a huge success for Apple has more than 200 million devices were upgraded to the latest operating system during the first week. Even iTunes Radio saw massive adoption with over 11 million unique listeners. The launch of the new streaming music service could have resulted in boost for the iTunes Match service as with the subscription iTunes Radio goes ad free.
Apple will be questioned about the rumored Apple television set and iWatch and the company as usual is unlikely to provide any update related to future products.
The shares of AAPL have improved in the recent past however it hasn’t recovered to the all time high of $700. At the time of writing the shares are trading at $490.97 and the company’s market capital is valued at $445.8 billion.