Apple schedules Q1 2012 earnings call January 24

Lex Friedman
9 January, 2012
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Curious about how much money Apple’s been making? (Spoiler: Plenty.) The company will dive into specifics for its first quarter results from fiscal year 2012 on January 24 at 2 pm PST (Wednesday January 25, 9am AEDT). This will be the company’s second earnings call since Tim Cook took over as CEO, following Steve Jobs’s resignation in August 2011.

Analysts will surely be curious about how well the iPhone 4S is selling, but expect even more attention to be paid to iPad 2 sales. Apple has said that it’s not especially concerned about Amazon’s low-priced 7in Kindle Fire tablet, but some analysts say the Fire took a significant bite out of Apple’s iPad sales. Easier to predict is the near certainty that Apple will once again announce that nearly half of all Mac buyers in its stores were new to the platform.

While Jobs was a rare participant on earnings calls, Cook was a regular as chief operating officer, and he helmed the fourth quarter 2011 results call back in October with chief financial officer Peter Oppenheimer.

Analysts expect Apple to report earnings of US$9.83 per share on revenue of US$38.16 billion, according to consensus estimates. That’s higher than Oppenheimer’s predictions from October; he estimated revenue of US$37 billion with US9.30 earnings per share for the first quarter of 2012. Keep in mind, though, that Apple’s predictions are notoriously conservative.

Last quarter, Apple reported earnings of US$7.05 per diluted share with revenue of US$28.27 billion.

As always, Macworld Australia will provide live coverage of the earnings call.

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