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Live updates: Apple shares plunge as iPhone-maker lowers forecast

January 23, 2013|By Chris O'Brien
  • Apple Chief Executive Tim Cook speaks following the introduction of the iPhone 5 in San Francisco.
Apple Chief Executive Tim Cook speaks following the introduction of the… (Eric Risberg / Associated…)

After months of speculation, rumors and guessing about the state of Apple, we'll get some actual numbers when the company reports its earnings Wednesday afternoon.

The earnings report is scheduled to be released at 1:30 p.m. PST, shortly after the stock markets close on the West Coast. At 2 p.m., the company is scheduled to begin its earnings call with analysts

We'll have some quick numbers and snapshot analysis between the announcement and the earnings call start. And I'll be live tweeting the call. 

QUIZ: Test your Apple knowledge

As a reminder, Apple told Wall Street analysts that for its first quarter, which ended in December, investors should expect the company to report $52 billion in revenue and earnings of $11.75 a share. The consensus among Wall Street analysts is that Apple will report $54.7 billion in revenue and $13.41 a share in earnings.

Just as important, analysts will be looking to hear how many iPhones (the biggest source of Apple's profits) were sold, whether Apple's profit margins are expected to shrink, and whether there are any hints of new products (the mythical Apple TV!) on the horizon.

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