Apple Inc. (NASDAQ:AAPL) announced on Monday that it would conduct a conference call on Tuesday, July 24 at 2:00 p.m. Pacific Time to discuss the third quarter fiscal results. The earnings will be made available here and the conference call will be live streamed here.
The tech giant announced its record-breaking second quarter earnings in April. It was Apple’s best second-quarter ever. Net profits increased 94 percent Y-o-Y riding on the increased sales of iPhones, iPads and Macs. The second quarter (January-March 2012) turnover was $39.2 billion with a net profit of $11.6 billion. The earning per share of $12.30 was much higher than analysts had anticipated. Analysts were looking for a revenue of $36.7 billion with $9.99 earning per share.
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The company had sold 35.1 million iPhones, 11.8 million iPads and 4 million Macs during the second quarter. Apple Inc. (NASDAQ:AAPL) sold 7.7 million units of iPods in the same period.
Apple Inc. (NASDAQ:AAPL) is recording a spectacular growth quarter after quarter. But what’s really worrying the investors is its stock which has crossed the perceived barrier of $500 billion, a level after which corporations start showing the symptoms of slowdown.
Apple Inc. (NASDAQ:AAPL) is currently the world’s most valuable company and crossed market capitalization of $600 billion not so long ago. Now investors have started questioning how sustainable Apple is. Exxon Mobil Corporation (NYSE:XOM) is the second most valuable company with a market cap just under $410 billion. In the last three months, Apple’s stocks have been very volatile, trading between $560.28 and $644 per share.
It would be interesting to see how the stock market responds to its third quarter earnings to be announced on July 24. Apple Inc. (NASDAQ:AAPL)’s stock stood at $592.52 at the end of trading on Monday with a market cap of $554.04 billion.