Apple will announce its quarterly earnings for the 2012 holiday season tomorrow, and investors are nervous. The company’s stock has been on quite the roller coaster ride since its $700 high back in September 2012. AAPL is now trading right around $500, which is the lowest it has been in more than six months.
Recent reports have said that demand for products like the iPhone is faltering. That’s why it may come as a surprise that Wall Street expects Apple to have its best earnings report ever tomorrow. So is it a good time to sell AAPL? Now may actually be the best time to buy.
Along with AT&T yesterday, Sprint tosay has announced their third quarter 2012 results, and activated 1.5 million iPhones during that period, 40% of whom are new customers… essentially the same number of new iPhones per quarter Sprint has maintained for the entire year of 2012 to date.
It wasn’t all sunny, though. The company reported a net loss of $767 million for the third quarter against $7.3 billion in revenues.
While Apple announced another record-breaking quarter yesterday, U.S. mobile carrier Sprint reported a significant net loss of $863 million – nearly twice the loss that it reported for the same quarter last year. iPhone sales, however, helped increase Sprint’s overall subscriber base – making this the eighth consecutive quarter where the company reported overall growth.