October 28, 2013
This is a pretty big day for Apple. At 2 p.m. PDT, Cupertino will announce their fourth quarter earnings report. This report will include the first 10 days of sales for the iPhone 5s and iPhone 5c. In 2012, Apple announced fourth quarter revenue of $36 billion and a net profit of $8.2 billion. At the time, the company reported iPhone sales of 26.9 million units, or a 58 percent increase from the same period in 2011. Last month, Cupertino announced it had sold a record 9 million iPhones during the first three days the iPhone 5s and iPhone 5c were available in stores. During its last earnings call, Apple said it had sold 31.2 million iPhones, a record for the June quarter, compared to 26 million year over year. Apple also sold 14.6 million iPads during the quarter, compared to 17 million in the year-ago quarter. AppAdvice will offer full coverage of today’s report. To listen to Tim Cook’s address live, go here. See also: Wall Street Consensus: Apple Sold 15 Million iPads In September Quarter, Early iPhone 5s Sales Would Have Been Higher Were It Not For Supply Constraints, and Apple Is Sitting On 10 Percent Of All Corporate Cash.