Apple has been notable in recent years for its big-bigger-biggest financial success, driven largely by iPhone and iPad sales. Can the company sustain that growth? Investors—and the whole world—will find out later this month when the company conducts it third-quarter earnings call.
The report takes place on the heels of “the most amazing March quarter that Apple has ever had.” The company’s second-quarter results saw a near doubling of profit—to $11.6 billion, on revenue of $39.2 billion—from a year earlier. In response to growing sales and profits, Apple announced that it would offer a $2.65-per-share dividend to investors.
Apple’s earnings will also be compared to last year’s third quarter—which also reflected sterling results for the company. Last year, the company reported sales of $28.57 billion and net profit of $7.31 billion for the three-month period ended June 25, 2011. Those numbers also reflected a doubling of Apple’s profit from the year before that.
The earnings call kicks off at 2 p.m. Pacific on July 24, and Macworld will, as always, have live coverage on Macworld.com.
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