“Analysts say Apple is likely to give conservative guidance for the September quarter, given uncertainties around the launch date and initial supply of the rumored iPhone 8 and other new handsets,” Seitz reports. “Cupertino, Calif.-based Apple is scheduled to deliver its fiscal third-quarter results and give fiscal fourth-quarter guidance after the market close on Aug. 1.”
“Wall Street is modeling for Apple to earn $1.57 a share, up 11% year over year, on sales of $44.92 billion, up 6%, in the June quarter,” Seitz reports. “For the current quarter, analysts are looking for Apple to earn $1.85 a share, up 11%, on sales of $49.94 billion, up 7%.”
MacDailyNews Note: On May 2, 2017, Apple provided the following guidance for Q317:
• revenue between $43.5 billion and $45.5 billion
• gross margin between 37.5 percent and 38.5 percent
• operating expenses between $6.6 billion and $6.7 billion
• other income/(expense) of $450 million
• tax rate of 25.5 percent
Read more in the full article here.
MacDailyNews Take: Beyond the usual attention paid to guidance, we’ll be very interested to see how iPad performed in unit sales given that Q317 was the first full quarter of $329 iPad availability.
At these prices, Apple will move more units. iPad unit sales are finally poised to return to growth! — MacDailyNews, March 21, 2017
The company will announce results that day after market close, typically right around 1:30pm PDT / 4:30pm EDT. As always, we’ll bring your the results as soon as they are available (simply check our home page at 4:30pm EDT on August 1st). We plan to cover the conference call with live notes as usual. That link will appear on our home page around 4:45pm EDT on on August 1st.
Beloved interns: TTK! 🍺🍺🍺
Will Apple’s August 1st earnings report finally deliver some good news for iPad? – July 13, 2017
Apple to release Q317 earnings, webcast live conference call on August 1st – July 6, 2017
Wired reviews Apple’s new iPad: Offers plenty for just $329 – May 8, 2017
The Daily Express reviews Apple’s new iPad: ‘World’s greatest tablet just got more affordable’ – April 22, 2017
Macworld reviews iPad (2017): With a stripped-down iPad for $329, you may not need to go pro – April 10, 2017
Ars Technica reviews Apple’s $329 iPad: ‘For people who have never upgraded’ – April 6, 2017
It’s just plain old iPad, and it’s cheap – starting at just $329! – April 3, 2017
Apple’s new iPad is actually more than ‘just’ an iPad Air – March 30, 2017
Apple unveils new 9.7-inch iPad starting at new low price of just $329 – March 21, 2017