Apple to release earnings report on Tuesday

Apple to release earnings report on Tuesday

Photo Credit: apple

iPhone performs well beyond expectations

Apple will report their quarterly earnings on Tuesday that will show what the company done during the last quarter of 2014 which included the Christmas shopping season. These new numbers are ones that will certainly be of great importance to consumers. If analysts are correct, Apple was able to earn a total of $67.69 billion during the final quarter of 2014 which amounted to a per share earnings of $2.60. That would also mean an increase of 26 percent over the past year in total earnings and a 18 percent in the shares earnings over that same period of time.

These new numbers have Apple executives very excited looking forward to 2015 as the company has the Apple Watch and the 12 inch MacBook Air set to be released. The Apple Watch looks to be released in March which means that the first and second quarter earnings of 2015 will be able to tell the success of those devices. Apple believed that their earnings would be between $63.5 and $66.5 billion in the last quarter of 2014. These new reported numbers and the official announcement set for Tuesday are sure to put smiles on those Apple execs faces.

iPhone sales are certainly going to be the reason for these inflated numbers. The iPhone 6 and iPhone 6 Plus had strong sales in the latter part of 2014. Apple insiders believe that if those same numbers keep up in 2015 and if the Apple Watch is able to catch consumer interest, stock share prices for Apple could reach towards $130 a share. At the closing bell on Monday, Apple was trading at $113.10 and was even higher as of mid-day trading. iPhones sales have been bigger in China than in the U.S. and that too has been attributed to the bigger revenue numbers and also an optimistic future for Apple.

Source: CNBC

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