“When Apple reports earnings Tuesday afternoon, investors will be looking at its services revenue, not just at iPhone sales numbers, Confide co-founder and President Jon Brod told CNBC’s Squawk Alley,” Harriet Taylor reports for CNBC. “”
“Wall Street will also be listening closely for any hints on how CEO Tim Cook views President Donald Trump’s possible moves, with cash repatriation and the potential for a stock buyback front and center,” Taylor reports. “It’s hard to know what Trump might do and how it could impact Apple, said [UBS analyst Steve Milunovich]. ‘Given we don’t know what Trump policies will be it’s very difficult to model,’ he said. ‘We’re sticking with iPhone price and modeling from there.'”
Read more in the full article here.
“Market consensus calls for the company to report revenue of $77.4 billion, and $3.23 earnings per share,” Neil Hughes reports for AppleInsider.
“Wall Street generally believes Apple will report sales of 78 million iPhones for the three-month period, which would also represent the company’s best-quarter ever for handset sales,” Hughes reports. “Driven by adoption of the iPhone 7 Plus, the iPhone’s average selling price is expected to grow to $685.”
“Looking forward to the March quarter, the market expects continued year-over-year growth,” Hughes reports. “Consensus estimates are forecasting $53.8 billion in revenue and $2.09 earnings per share, with 53.5 million iPhone sales expected, besting the $50.6 billion in revenue and 51.2 million iPhones sold by the company in the March 2016 quarter.”
Read more in the full article here.
MacDailyNews Take: Apple’s all-time record for quarterly financial results were achieved in Q116 (Holiday 2015) ended December 26, 2015 for which Apple posted record quarterly revenue of $75.9 billion, record quarterly net income of $18.4 billion ($3.28 per diluted share), and sold a record 74.779 million iPhones.
We’ll bring you Apple’s holiday quarter (fiscal Q117) results right around 4:30pm Eastern today. Also, as usual, we plan to cover Apple’s Q117 conference call at 5pm ET on today with live notes. That link will appear on our home page around 4:45pm EDT earnings day. See you there!
SEE ALSO:
Today, Tim Cook can prove his prediction that Apple would return to growth by revealing all-time record results – January 31, 2017
Apple Q117 expectations – January 30, 2017
Apple poised to return to growth with quarterly results on Tuesday – January 30, 2017
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
Hey MDN, do you realize that Apple is located in Cupertino California? They are on Pacific Time and not Eastern Time. Why not publish their financial results time in Pacific time? That is where the centre of the universe is for this event.
Why don’t you just buy a fücking clock instead?
Financial results are posted in Eastern time due to the financial markets are in NYC.
Lol. Don’t explain to people who are sleeping Tom. It’s as useless as Fart.