AT&T Q2 results, Apple announces tonight
AT&T announced their second quarter 2007 financial results yesterday stating that they signed up 146,000 new subscribers in the first two days, slightly down from the 200,000 Wall Street analysts expectated. AT&T's second quarter officially ended June 30th.
One thing to consider is that AT&T only reported activations–not physical iPhone sales. Many people, including me, had trouble getting their iPhones activated. Also, people that purchased their iPhones and waited more than two days to activate weren't counted.
AT&T's perceived low activation numbers and a down market contributed to an almost US$10 haircut in the AAPL share price. The stock had been trading above US$144 on Monday and closed Tuesday evening at US$134.89. But before you read too much into AT&T's low activation number, be sure to read fellow ZDNet blogger Larry Dignan's post from yesterday.
In other earnings news "The Big A" will be announcing their highly-anticipated FY 2007 third quarter results tonight at 5:00 p.m. ET. The live audio webcast will be accessible through Apple’s Web site.
Everyone's wondering what Apple will say about iPhone.
Mike Abramsky, an analyst at RBC Capital, says that Apple has probably sold 450,000 to 500,000 iPhones in the third quarter. Overall, Apple has likely sold anywhere from 1.1 million to 1.5 million iPhones by July 25, according to Abramsky. JMP Securities analyst Ingrid Ebeling projects iPhone sales of 1 million or so. Inventory levels will also be a hot topic for Apple.