“Did you forget to mark your calendar for the orgy of charts and numbers that is Apple’s legally mandated quarterly release of its financial results?” Jason Snell writes for Macworld.
“If so, have no fear,” Snell writes. “I remembered to mark mine for next Tuesday, May 2, when Apple will release the results in the early afternoon (Cupertino time) and then offer some of its executives up to financial analysts in an hour-long telephone call.”
“It can be easy to joke about these quarterly rituals,” Snell writes, “but they’re vital opportunities to take a rare glimpse into Apple’s inner workings and the thinking of Apple executives about the company’s business strategies. Yes, it’s a choreographed dance, but that doesn’t mean that we can’t glean understanding from it.”
Read more in the full article here.
MacDailyNews Note: On January 31, 2017, Apple provided the following guidance for Q217:
• revenue between $51.5 billion and $53.5 billion
• gross margin between 38 percent and 39 percent
• operating expenses between $6.5 billion and $6.6 billion
• other income/(expense) of $400 million
• tax rate of 26 percentIn Q216, Apple posted quarterly revenue of $50.6 billion. Gross margin was 39.4 percent.
As usual, we plan to bring you Apple’s Q217 results as soon as they’re released, right around 4:30pm on May 2nd – just check our home page. Following that, we also plan to cover Apple’s Q217 conference call with live notes starting at 5pm that day.
SEE ALSO:
Apple’s Q217 earnings: Will growth continue? – April 24, 2017
Remove iPhone from the equation and Apple’s performance is hardly worth bragging about.
Remove all the money from my retirement account and its hardly worth bragging about. I don’t care where the $$ comes from as long as it comes.
This is the problem with wall streeters. You don’t care how you extract money from people, or why.
The greed of unbridled capitalism cheers accidents disease and mayhem. Investors, ignore the massive externalities that you end up paying for as well. You can make more money that way. In the short term.
NFD strikes again! Gotta be first to post, don’t you Frank?
The iPhone is clearly Apple’s primary revenue and profit generator. No one disputes that, although it is worth noting that Apple also has several non-iPhone revenues streams that many other companies would be delighted to own.
As long as the iPhone is performing well – not only in hardware sales, but also in sales of apps, music, and services – then why should I be concerned.
As usual, Frank, your post is a clean miss in terms of substance or worth.
I suspect anonymous coward ‘Frank’ here is just our usual pet troll wearing a new mask. Stir up annoyance. Start a tribal war. The usual.
As pointed out elsewhere, Apple makes more *non-iPhone* money than Samsung makes from its phones. “Remove iPhone from the equation” and there’s plenty to brag about.
They might’ve had a little more in their coffers had they kept their Macs managed a lot better.
Ya think? Bad Apple. Lose the worms please, Apple. 🐛🐛🐛
I am sometimes the master of understatement. 😉
No doubt, the 🍎🐻🐂💩 (Apple bear bullshitters) will get the cramps ⚡⚡ because this is typically Apple’s slowest quarter, thanks to the previous quarter’s Christmas (holiday…) consumerism orgy.
And we shall yawn at them. 💤
Wow, we have a consensus. Apple relies nearly exclusively on iPhone for profits. See, wasn’t that easy? I’m glad we agree about this very important fact.