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Apple’s Q3 2014 earnings call liveblog

Apple's newly split stock price has been on the rise lately. Let's see if this quarter's earnings make it move one way or the other.
Andrew Cunningham
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2014-07-22T16:00:00-05:00

Apple will be announcing its Q3 2014 financial results on Tuesday, July 22 at 5pm Eastern time (2pm Pacific), and the standard earnings call with press and analysts will follow shortly afterward. As we usually do, we'll be following along with the call to liveblog and provide charts and other contextual information—Apple rarely makes major announcements on these calls, but it does give more information on how particular Apple products are doing both in the US and other markets.

Apple's third fiscal quarter runs from the beginning of April to the end of June, and while WWDC was full of new software announcements, those updates (and the new hardware that will accompany them) won't actually be available until the fall, late in Q4 2014 or early in Q1 2015. Beyond a new, slightly cheaper iMac and a security lock for the Mac Pro, we just haven't gotten many new gadgets lately, and the majority of Apple's money is made by selling hardware. That said, Apple's products tend to sell well even when they're in the middle of a refresh cycle. One stat in particular to keep an eye on: will iPad sales continue to be down as they were last quarter, or will they bounce back up? Analysts believe that tablet sales are beginning to level off, and the iPad's sales numbers will be a major data point in that discussion.

Apple's guidance for the quarter predicted revenue between $36 billion and $38 billion with profit margins between 37 and 38 percent. Other predictions for this quarter can be found in the Q2 2014 announcement.

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