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A preview of Apple’s 4Q earnings

Investors will be watching Apple, which will report its fourth-quarter earnings. The company is expected to have done pretty well in the latest quarter. Reporter Mitchell Hartman talks with Jeremy Hobson about how well Apple is doing.

TEXT OF INTERVIEW

JEREMY HOBSON: And investors will surely be watching Apple, which reports its fourth-quarter earnings today. As we all know, the company’s had big success with its iPad tablet, the latest-generation iPhones and i-everything else. So Marketplace’s Mitchell Hartman, our i-correspondent, joins us live with a preview of today’s earnings. Good morning, Mitchell.

MITCHELL HARTMAN: Good morning, Jeremy.

HOBSON: So first the good news Mitchell, Apple’s expected to have done pretty well in the latest quarter? How well?

HARTMAN: Well analysts polled by Thompson First Call are predicting earnings of just above $4 a share. The stock is already up about 40 percent this year. It’s hard to find a product category that’s not doing well for Apple right now — iPads, iPhones, iPods, that’s the iPod Touch, Mac computers are all flying off the shelves in the U.S. and abroad. Now, Apple isn’t alone among tech companies with rising sales and a really strong balance sheet. But Carl Howe, who’s a technology market analyst at the Yankee Group in Boston, told me Apple is different at this point from the competition.

CARL HOWE: I think you have to treat Apple as a special case. It’s not just another tech company. For one thing, it’s a retailer. They have well over 300 stores worldwide now. And they sell as much electronic fashion as they do what we would traditionally call technology.

HOBSON: All right Mitchell, the same old story — Apple’s such a great company. Is there anything rotten about this Apple?

HARTMAN: Well, maybe one thing. They apparently can’t get enough iPhone 4’s and iPads out to customers. The iPad’s going to be sold at Wal-Mart soon, there could be an iPhone for Verizon finally. Demand is huge, but meeting that demand is actually proving a challenge for them.

HOBSON: All right. Marketplace’s Mitchell Hartman, thanks so much.

HARTMAN: You’re welcome.

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