“When Apple reports earnings on Tuesday after the bell, Wall Street is expecting CEO Tim Cook to make good on his promise to return the company to growth,” Anita Balakrishnan reports for CNBC. “To do it, Apple must not only come off a losing streak — it has to beat a record.”
MacDailyNews Take: A BIG record.
“This time last year, Apple reported a record quarter, with sales of iPhones at an all-time high,” Balakrishnan reports. “After that, it reported three straight quarters of lower year-over-year sales, adding up to its first yearly decline since 2001.”
“In October, Cook said he thought Apple could make a comeback. ‘Looking forward, the response to the iPhone 7 and 7 Plus has been very positive,’ Cook said in the company’s last earnings call. ‘It’s very hard to gauge demand, as you know, when you’re selling everything you’re making. So we’ll find out more through the quarter, but we’re confident enough to give you guys guidance that we’re returning to growth this quarter, which obviously feels very good for us,'” Balakrishnan reports. “Analysts polled by Thomson Reuters seem to agree with Cook, at least in part: They expect adjusted earnings of $3.22 a share in the first fiscal quarter, down 1.8 percent from a year ago, on revenue of $77.38 billion, up 2 percent from a year ago, barring any revisions… Analysts surveyed by FactSet expect that 77 million total iPhone units shipped during the quarter, up from 75 million in the year-ago period.”
Read more in the full article here.
MacDailyNews Take: Two more important points: One (1), for the future Q118 (Christmas 2017 quarter), is that 315 million users that will be an iPhone that is more than 2 years old, according to Piper Jaffray analyst Michael Olson; and, two (2), in absolute value, Apple’s revenue stream from services is already about the size of Facebook, according to Forrester.
For our part, we do expect Apple to announce all-time quarterly record earnings later today!
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:
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
According to Mixpanel Apple in Q1 sold 10% more iPhone 7 than iPhone 6s in Q1 a year ago and 40% more iPhone 7 Plus than 6s Plus in the same period.
After the Samsung exploding batteries, Apple better have an excellent quarter or else Tim Cook screwed up big time.
I don’t know anymore, Apple has lost me. I’m not thirlled with my Mac like I use to be. My iPad Pro (typing this post with it) doesn’t do what I need, I returned my Macbook Pro because I couldn’t justify the cost with what I got, My iPhone 7Plus is ok though, just ok. I want a Mac Pro with a nice Apple Display but that’s not available. WTH is wrong with Apple? Sheesh!
Think of your relationship with Apple like a marriage. You may no longer get quite the same thrill when you unbox her, but the important reasons that led you to marry her in the first place still apply.
Your best bet is to try to help Apple become the best that it can be. What is the alternative? Switch to a Windows PC and Android phone? Will that really “fix” things?
You should also consider the fact that you might just be jaded after all of the wonderful things that Apple has accomplished since the late-1990s. Your “threshold for thrill” has been elevated to an unreasonable level of expectation.
What bollocks – a user points out that Apple has stopped making good products and, somehow, that is the fault of the user. We, as purchasers, can do shit about Apple returning back to form – save not buying. Perhaps if sales went down, Apple would realise it has to pull its finger out and deliver.
What tosh, likening computers to a marriage. If it is, we’ve all been in a pretty abusive one for the last few years. With Ballmer-esque cheerleader apologists trying to pretend it’s still all great.
This is great and I hope it’s a good day for Apple but looking at today’s hits on MDN it’s getting to be Dullsville USA. As Susan Alexander told Charles Foster Kane “You never give me what I REALLY want (Apple).”
2017 is a make or break year for me and my longstanding loyalty to Apple. C’mon Tim, let’s see what yah got, or not, & SOON. Our patience has already worn out.
Of course, good numbers are hoped for and welcomed, but as fortifying; give substance to the pipeline. Please take it out of the vapor-mantra-zone, Tim.
I see the crybaby naysayers are out in force today on TrumpDailyNews.
“This time last year, Apple reported a record quarter, with sales of iPhones at an all-time high,” Balakrishnan reports. “After that, it reported three straight quarters of lower year-over-year sales, adding up to its first yearly decline since 2001.” Wow, the iPhone appeared in 2001!
“Apple must…come off a losing streak” Note from the rest of the tech industry: “Can we trade in our ‘winning’ for an Apple like losing streak?”
? The iPhone didn’t appear in 2001, it was launched in 2007. And what does “TrumpDailyNews” mean anyway? What does that have to do with this topic?
It smoothes the wrinkles on his brain to know there are so many Trump supporters / Conservatives / Libertarians / Desperate for anything except another 8 years of race and identity politics who read this site. So. Ok. Trump Daily News.
Hey, guys. It’s earnings announcement day. Can we just focus on Apple for the day and not on politics?
Go t cha: are you the pot, or kettle?