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Apple’s Q3-2008 Financial Results-Conference Call to start at 2pm PT

Apple’s Q3-2008 Financial Results Conference Call will begin today at 2:00pm PT/5:00pm ET. If you are planning on listening to the webcast, please make sure you have QuickTime installed before the event begins.

Apple’s conference call webcast discussing Q3 – 2008 financial results will begin at 2:00pm PT/5:00pm ET on Monday, July 21, 2008.

Please note that comments made during this call may include forward-looking statements that are subject to risks and uncertainties, and that actual results may differ materially from these forward-looking statements. For more information on the factors that could influence results, please refer to Apple’s SEC filings.

To attend the conference call, QuickTime is required. Be prepared – Get QuickTime now.

Webcast Begins: July 21, 2008 – 2:00pm PT/5:00pm ET and you can listen to all the action here.

“Apple Inc. will probably will report an increase in earnings today on rising sales of Macintosh computers and iPod media players,” Connie Guglielmo reports for Bloomberg. “Apple decided not to include last quarter’s iPhone sales in its report because older models sold during the period lacked updated software. The company is delaying recognition of that revenue. The iPhone 3G, the newest version, isn’t counted either because it was released this month, after the quarter ended,” she continues to explain.

“Apple may report third-quarter sales of $7.36 billion after the market closes today, a 36 percent jump from a year earlier, according to a Bloomberg survey of 25 analysts. Profit probably climbed 19 percent to $972.1 million, or $1.08 a share, in the period ended June 28, the survey showed. The Cupertino, California-based company has beaten analysts’ sales and profit estimates for seven straight quarters.”

“The company may have sold a record 2.5 million Macs and 10.5 million iPods in the quarter, said Shaw Wu, an analyst at American Technology Research in San Francisco. He estimates that every additional 100,000 Macs sold adds about $140 million in sales and 2 cents a share in earnings.”

“Every extra point of computer market share adds $6 billion to Apple’s sales and $1 to earnings per share, according to Kathryn Huberty of Morgan Stanley in New York, one of 26 analysts tracked by Bloomberg who advise buying the shares. Three analysts have hold ratings, while one recommends selling the stock.”

Both Mac and iPod sales may have been helped by a tax rebate intended to stimulate the economy, said Sacconaghi, citing reports from U.S. retailers that saw a rise in spending after more than 130 million U.S. households received checks.”

Additional thoughts: We’ll be listening with all ears open.

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