Apple is all set to announce the quarterly earnings on Oct 18 after market close!
Apple hit an all-time high (again) today, closing the regular session at $314.74, a surge of $12.43 in one day, or 4.11%. Apple's market cap is now at $287.53 billion.
Apple is poised to announce quarterly revenue of at least $18.86 billion, earnings of at least $4.06 a share, and provide an uplifting outlook for the last holiday quarter, traditionally Apple's best quarter. This could mean Apple's stock has more upside going into the holiday season... An Apple analyst raised the Apple stock price estimate to $500 today.
Apple could report sales of 4.5 million iPads (not a typo), 9 million iPhones, 9 million iPods, and 4 million Macs... for a dizzying total sales of at least $18.86 billion. This is going to be a Monster quarter for Apple by all measures.
Important side note: This will mark the first quarter in Apple's storied history when it's quarterly revenue will exceed that of Microsoft's! Amazing indeed!
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