Apple’s first conference call of 2013 could be the most important in 10 years

Discussion in 'Apple iPad News' started by RaduTyrsina, Jan 14, 2013.

  1. RaduTyrsina

    Expand Collapse
    News Team

    Jun 22, 2012
    Thanks Received:

    As reported, Apple has planned to conduct its first conference call for this year, in order to discuss the financial results of the first fiscal quarter (or the Christmas quarter) on Wednesday, January the 23rd 2013 at 2:00 p.m PT / 5:00 p.m ET. However, this particular conference call won’t be like the ones we are used to by now. For the first time in a long time, Apple is faced with a puzzling problem: its investor prospects for the year to come are oddly low. That’s why Barclays Capital analyst Ben A. Reitzes believes this conference call would be one to remember – it might be Apple’s most important event in the last 10 years.

    New information reveals that for the last past three months, Apple’s stock price was on a downgrade, falling by nearly 17%. However, Reitzes believes that new or revamped products Apple will surely release this year will help the company lure its investor suite. More particularly, Reitzes believes that Apple’s endeavor of building a low cost iPhone aimed at emerging markets, will become the salvation of the tech giant. In a note to investors, the analyst stated:

    "We believe Apple can sell a phone with a more inexpensive casing for emerging markets and a (bill of materials) below $150, and believe concerns around margin dilution may be overdone, given the pending benefit to revenues.”

    Reitzes also places Apple in the group of the great U.S. peer disruptors like Google, Amazon and Facebook. Amazon encountered a rough patch back in 2011, nevertheless, the company managed to pull itself back together, shining back in the year of 2012.

    Source: AppleInsider

    #1 RaduTyrsina, Jan 14, 2013
    Last edited by a moderator: Jan 14, 2013

Share This Page

Search tags for this page

apple conference 2013

apple developer conference 2013

apple event 2013

apple news conference 2013
apple next conference 2013

apple press conference 2013

apple press event 2013
next apple conference 2013
next apple event 2013
next apple press conference 2013