Apple to disclose Q3 financial results on July 23

By Tuesday, July 2, 2013 0 , Permalink 0

CEO Tim Cook and CFO Peter Oppenheimer are likely to take the call and along with company’s revenue and sales figures they are also likely to provide a forecast for Q4, 2013. The last call from Apple more or less surprised everyone thanks to $43.6 billion in sales because of strong iPhone and iPad sales. During the earnings call, Apple revealed that it sold 37.4 million iPhones during Q2 – over 3 million more than Wall Street’s expectations.

Apple may not be able to showcase the same kind of performance for Q3 as according to analyst Peter Misek, Cupertino had cut down on iPhone build orders for the two remaining quarters. Misek claims that the orders for Q3 have been reduced from 40-45 million to just 25-30 million and for Q4 the orders have been reduced from 60-65 million to 50-55 million. Apple is expecting sales numbers in tune of $33.5 to $35.5 billion for Q3, 2013

The earnings call is scheduled to begin at 2 p.m. PT and will be streamed through the company’s investor relations page.