Apple Inc.(NASDAQ:AAPL) will be reporting its fourth quarter results after the closing bell today.
There are too many parameters and last minute figures to factor in, especially with regard to its iPhone sales and that of its iPad.
Analysts are expecting earnings of $8.82 cents a share on revenue of $35.8 billion, according to consensus estimates.
The company reported earnings of $7.05 per share on revenue of $28.3 billion for the same period last year.
Apple’s shares remain up more than 50 percent for the year to date, but are down 12 percent from their peak above $700 last month.
Just two days before the launch the company also unveiled a slew of products - an iPad Mini, iMac refreshes, and a regular iPad.
The main driver of the company's business into the next year will be the iPhone 5 which went on sale on September 21 and got a record response from customers the first two days of its sales.
The earnings in the September quarter are likely to be a repeat of what was witnessed last year when a build up to the iPhone 4S led to a slowdown in the sales of the existing versions then.
A burst in sales in the final week of the quarter with the iPhone 5 was likely offset by a large slowdown in the two months before. Analysts, on average, are expecting iPhone shipments of about 26 million for the September quarter — roughly flat with the June period.
Wireless carriers AT&T Inc.(NYSE:T) and Verizon Communications Inc.(NYSE:VZ) reported in their own results that they activated a combined total of about 1.9 million iPhone 5 units in the September quarter.
A similar effect may be seen with the iPad as customers may have held off buying the tablet PC on expectations of the iPad Mini.
Shares of AAPL are down 1.13% to $609.86 after hitting 3-month low of $609.65 earlier in the session.