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

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    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
     
    Last edited by a moderator: Jan 14, 2013

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