In the finance world, today is a busy day as both Microsoft and Apple will be announcing their quarterly earnings at the same time. Both companies have a lot to prove this time around and the eyes of Wall St will be scrutinizing their earnings closely.
For Microsoft, CEO Satya Nadella is now pushing his agenda across all of the business units and he is also cutting the head-count of the company by 18,000, which will result in pretax charges of $1.1 billion to $1.6 billion over the next four quarters to cover the staff reduction costs. This hefty charge will need to be justified in a way to show that the expense will result in long-term gains without a sacrifice to the companys revenue streams.
For Apple, sales of iPhones will be a big factor in their earnings as the rumors of the iPhone 6 are popping up all over the place. We will be curious to see if mobile sales have slowed down as consumers wait for the larger iPhone(s) to launch later this year or if these rumors fall on deaf ears among consumers. Also, it will be interesting to see if Apple breaks down its mobile sales by phone as many suspect that the 5c is not selling well.
All of this information will be released after 4pm EST today, typically closer to 4:30, and is followed by earnings calls by both companies executives around 5pm too. As always, we will have the information posted up on Neowin after it is announced.
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