NEW YORK (
) -- If market sentiment is weighing on
(AAPL - Get Report)
stock, then Jan. 23 will be the day the company shows the market whether it's right or wrong.
Apple has set its first-quarter earnings release for Jan. 23, with a conference call at 5 P.M. EST to discuss the results. Wall Street will be paying close attention to sales figures for the iPhone and iPad, with the iPhone driving more than half of Apple's revenue in its
most recent quarter.
The end of 2012 was not kind to Apple or its shareholders, as the company lost nearly 20% of its market cap in the final three months of the year. This was also Apple's busiest time of the year as the tech giant launched several new products.
Apple unveiled the
at a glitzy event in September, which
attended. Subsequently, in October, Apple updated nearly all of its products, announcing the
a fourth-gen iPad, and multiple new Mac computers.
also attended this event.
Apple iPad Mini: First Impressions
Analysts are expecting a banner quarter for Apple, predicting the company will grow revenue 17.6% year-over-year. According to analysts polled by
, Apple is expected to earn $13.33 a share on $54.5 billion in revenue.
Shares of Apple rose in the first trading day of 2013, tacking on 3.17% to close at $549.03.
Interested in more on Apple? See TheStreet Ratings' report card for
Written by Chris Ciaccia in New York