Apple Q2 Earnings Call scheduled for Wednesday, no Disappointment expected
Apr 21 2009, 12:25am CDT | by Luigi Lugmayr
The Apple Q2 2009 Earnings Conference call takes place Wednesday 5pm EDT/2pm PDT. Apple is providing a live QuickTime stream.
The Apple stock has done quite well despite the bad economy in the last months. According to Reuters, Wall Street analysts expect sales to rise by about 6% to $7.95 billion, while net profit is expected to slip around 6% to $1.09. Analysts expect a 33.1% gross margin, up slightly from a year ago.
Apple manages to stay attractive for investors as the hype machine is growing for the new iPhone 2009 launch in June. As long as there is fantasy that the new iPhone will be a huge hit the Apple stock will rise even higher. Piper Jeffrey analyst Gene Munster sees still a $180 price target for the Apple stock according to CNN.
You can watch the Apple Q2 Earnings call live on the Apple site.
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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