Apple to post earnings after close today |
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Thu, 18 Jan 2007 07:23
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SAN JOSE, Calif. (AFX) - Investors will be looking to Silicon Valley again today as another tech heavyweight reports its quarterly earnings.Apple is scheduled to post its first quarter earnings after the markets close.The report is expected to provide more clarity on how well some of Apple's products, especially the iPod player, fared during the holiday period.Analysts expect the Cupertino-based firm to post earnings of 78 cents per share on sales of $6.42 billion.The report due out from Apple comes after Santa Clara-based Intel disappointed investors with its earnings report.Intel said yesterday its fourth-quarter profit plunged 39 percent as it continued to endure a price war with rival Advanced Micro Devices.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Media reports say Intel-based iBooks to hit markets in January 