“Analysts predict that overall revenue will rise about 2 per cent to $77.4bn for the three months ending in December, the first quarter of Apple’s 2017 financial year,” Bradshaw reports. “Unit sales of the iPhone, the performance metric most closely watched by Wall Street, are expected to grow by 4 per cent to about 78m devices in the holiday quarter.”
“Top executives at Apple missed out on a portion of their bonuses for last year after the world’s most valuable company missed its internal sales and profit target,” Bradshaw reports. “Apple’s stock has risen by about 20 per cent over the past six months, with many analysts attributing the rally of the past few weeks to growing confidence that the iPhone maker will be able to repatriate its $200bn-plus of overseas cash at a lower tax rate under the Trump administration.”
Read more in the full article here.
MacDailyNews Take: All-time quarterly record earnings coming tomorrow!
We’ll bring you Apple’s holiday quarter (fiscal Q117) results next Tuesday right around 4:30pm Eastern. Also, as usual, we plan to cover Apple’s Q117 conference call at 5pm ET on Tuesday, January 31st with live notes. That link will appear on our home page around 4:45pm EDT earnings day.
What to expect from Apple’s Q117 earnings call next Tuesday – January 26, 2017
Apple to release Q117 earnings, webcast live conference call on January 31st – January 18, 2017