Next Tuesday, July 23 at 2:00 PDT, Apple will hold its third quarter earnings conference call. Every few months, the company holds a meeting where, not only are investors welcomed to the table, but the public can hear the news as well. Most of the time, it is a lot of business and corporate jargon that is not particularly interesting to the rest of us. However, some calls reveal some little snippet of insight into what Apple’s future looks like, and whether we will see new products in the coming months.
Interestingly, much of the tech industry missed their target for this past quarter’s earnings. Google reported their earnings at $14.11 billion, which is slightly lower than analyst predictions of $14.46 billion. Shares in the company stock dropped five percent to $47.37 during the second quarter earnings call as it was reported that the cost-per-click price fell six percent from the same quarter last year.
Microsoft also reported its quarterly earnings call this week. The company admitted that its Surface RT tablet did not do as well as expected and is taking a $900 million charge for inventory adjustments related to it.
Yahoo saw a jump in stock prices to a five-year high, but reported a revenue drop earlier this week. Although shares rose by more than seven percent to $28.91 per share, the company stated a revenue loss of one percent from the same time last year to $1.07 billion.
Even Intel is showing a slowdown in revenue and earnings as compared to analysts’ predictions. The company reported earnings of $0.39 per share with $12.8 billion in revenue, which is a drop of five percent from this time last year. Analyst predictions were only slightly higher, but it is evidence that the PC world is searching for a better footing.
It will be interesting to see what Apple has to say. Much of the tech world is blaming a shift in consumer interest from traditional PCs to more mobile computing, like tablets and smartphones. Apple’s iPad is the number one selling tablet in the world. Will they see lower-than-expected numbers for the third quarter?