Apple has announced the date and time of the company’s fiscal year 2017 fourth quarter earning release and conference call.
Apple’s conference call to discuss Q417 results is scheduled for Thursday, November 2, 2017, at 2pm PDT / 5pm EDT. 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 November 2nd).
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 November 2nd.
Apple will provide live audio streaming of its Q417 Results Conference Call using Apple’s HTTP Live Streaming (HLS) technology. The live webcast will be found at www.apple.com/investor/earnings-call/ and will also be available for replay for approximately two weeks thereafter. Live streaming uses Apple’s HTTP Live Streaming (HLS) technology. HLS requires an iPhone, iPad, or iPod touch with Safari on iOS 7.0 or later, a Mac with Safari 6.0.5 or later on OS X v10.8.5 or later, or a crappy PC with Microsoft Edge on Windows 10.
MacDailyNews Note: On August 1, 2017, Apple provided the following guidance for Q417:
• revenue between $49 billion and $52 billion
• gross margin between 37.5 percent and 38 percent
• operating expenses between $6.7 billion and $6.8 billion
• other income/(expense) of $500 million
• tax rate of 25.5 percentSEE ALSO:
MacDailyNews presents live notes from Apple’s Q317 conference call – August 1, 2017
Apple beats Street – August 1, 2017
FANG stocks will continue to outperform Apple in share gains. Apple has too many headwinds to overcome while the FANG stocks are constantly being praised for future potential growth. It’s hard for me to understand why Apple doesn’t seem to have that same growth potential, especially if it can get hold of that overseas cash.
A few months ago, Apple’s market cap was about $200B above Alphabet’s market cap and then quickly lost about $50B for reasons I can’t exactly pinpoint. Apple stock is always said to be ripe for correction while the FANG stocks sail along without the need for corrections. It’s hard for me to say what Apple needs to do as its dividends and share buybacks should have lessened Apple’s volatility, but apparently aren’t enough. My guess is Apple’s dependency on the iPhone doesn’t provide enough confidence for investors. Apple isn’t doing badly but it just can’t seem to match the FANG stocks in terms of consistent share gains.
“I couldn’t be more excited to tell you that more exciting things are in the pipeline.”
Translation: we’ll keep milking the App Store while everything but the iPhone languishes.