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Live Coverage: Apple Q3 earnings call

July 19, 2011

Surprise. Apple is expected to report another dazzling quarter on Tuesday, propelled by strong demand for its bestseller iPhone and the sleeker iPad 2 tablets.

Apple share rose nearly 2.5 percent on Monday to $373.80 in anticipation of better-than-expected results for the fiscal third-quarter, which saw an easing of the supply constraints surrounding iPad2.

The stock, which touched an all time high of $374.65 earlier in the session, appeared to have emerged out of the limbo it has been since Chief Executive Steve Jobs took leave last January for unspecified medical reasons.

But will the call following the earnings report touch on succession issues, which some board members are now pondering, according to the WSJ?

Investors are looking for a 60 percent increase in revenue for June quarter but all eyes will be on the outlook for the second half of the year, which Wall Street is betting will be huge as it may include the launch of a new iPhone, its best-selling product that accounts for about 40 percent of its revenue.

Join Reuters correspondents Noel Randewich and Poornima Gupta for a chat. Joining them from Twitter will be Avi Greengart, research director for consumer devices at consulting firm Current Analysis, and Michael Gartenberg,  technology analyst at Gartner.

 

 

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