Though Apple's share price may not indicate as much, Apple's financials couldn't be stronger. This past quarter provided a prime shopping window for a bevy of new Apple products: the iPhone 5, an impressive iPod refresh, and of course the new iPad Mini. Notably, demand for the iPad Mini continues to outpace supply with word being that Apple's manufacturing partners will be working throughout the Chinese New Year to keep up.
Apple's share price has plummeted from its all-time high of $705 and now hovers in the mid $500 range, but once Apple reveals its earnings from the past quarter, the stock may recoup some of its recent losses. We'll find out for sure come January 23 when Apple will release its Q1 2013 earnings report, which covers the fourth calendar quarter of 2012.
If history is any indication, Apple's earnings will hit the wire around 4:30 pm Eastern Time to be followed by an always illuminating earnings conference call 30 minutes later. During its least earnings conference call, Apple issued EPS guidance of $11.75 and anticipated revenue of $52 billion.
During the same quarter a year ago, Apple posted earnings of $13.87 per share and revenue of $46.33 billion. During the first fiscal quarter of 2011, for further context, Apple posted revenue of $26.74 billion and earnings of $6.43 per diluted share.