Apple
Inc. (NASDAQ:AAPL) is trading above $600 with anticipations running high before
the Company reports its third quarter results on July 24, 2012 and also with
increasing rumors of the iPad maker is making a smaller version of its iPad
tablet or the famous iPad mini.
As the
Company’s earnings report date approach near, quite a number of analysts have
cut their number of ipad and iPhone units slightly. The reduction in the
estimated sale units comes due to a general slag and pause in the Company’s
sales. Though the unit sale estimate have been slightly cut but analysts still
maintain that the Company revenues in the coming periods will improve and grow
further as the Company will cover up such product sale delay in the future. On
an average analysts maintain that Apple will be generating $37.65 billion in
revenue and will be reporting earnings per share of $10.39.
Apple’s
iPhone5 which is estimated to be released in October but as soon as the product
is released the sales will catch up all the losses due to the pause in sales
experienced recently.
Also, the
Company had announced that the new iPad®, the
third generation of its category defining mobile device, will arrive in China
on Friday, July 20. The new iPad
features a stunning new Retina™ display, Apple’s new A5X chip with quad-core
graphics and a 5 megapixel iSight® camera with advanced optics for capturing
amazing photos and 1080p HD video.
Shares of Apple Inc. (NASDAQ:AAPL) was marginally up by 0.10%
at $607.59 with trading hike in last one month being 6.15%.
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