Since the introduction of the iPad mini last year, investors have been claiming that Apple is falling. The Cupertino company has lost its touch. While some may think that’s true by looking at the stock performance over the past year (yeah, it hasn’t been great), the company continues to dominate when it comes to sales of devices, especially smashing opening day and weekend sales and beating predictions constantly. Well, expect to hear lots of rumors coming from analyst soon (and more cries of “Apple is dying”) as the company behind the iPhone has announced that it will be holding an earnings call on Monday, October 28 to announce its fourth quarter earnings.
As 9to5Mac points out, it is strange that Apple will be holding an earnings call, or any event for that matter, on a Monday. Tim Cook and Co. usually hold events on Tuesdays or Wednesdays, but it appears that they wanted to shake things up a bit this quarter. Currently, estimates point to Apple claiming an earnings on the higher end of their $34-37 billion range for revenue, and about $3.9 billion in operating expenses.
While people may still claim that Apple has lost its touch, it’s hard to complain about a company that is projected to have a revenue in excess of $35 billion. As an investor, I would be excited about the upcoming Apple earnings. Do you think Apple is doomed, or is the future looking bright for the California based company? Leave your thoughts in the comments section, or tweet me @TiP_Griffin.