“Apple will report its fiscal first quarter results today after the market closes. Join Recode for live Apple earnings coverage and analysis beginning at 4:30 pm ET, 1:30 pm PT,” Dan Frommer writes for Recode.
“It’s likely to be Apple’s biggest quarter ever — at least by revenue — and possibly a real blockbuster,” Frommer writes. “Specifically, Apple could report more than $90 billion in quarterly sales for the first time ever — up from its previous record of $78.4 billion a year ago — beating Apple’s own forecast of $84 billion to $87 billion, and representing another quarter of accelerating revenue growth.”
Frommer writes, “The potential consequence: If Apple’s December quarter was much larger than projected — especially if iPhone X supply/demand issues were ironed out sooner than expected — it’s possible that will take some steam out of Apple’s March quarter forecast, which could then appear disappointing.”
Read more in the full article here.
MacDailyNews Take: As usual:
It’s all about the guidance. – MacDailyNews, October 21, 2008
Apple’s conference call to discuss Q118 results is scheduled for Thursday, February 1, 2018, 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 February 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 February 1st.
SEE ALSO:
Apple set to beat its own record for the most profitable quarter in history – January 29, 2018
Apple earnings: Forget taxes and batteries, the $1,000 iPhone X remains the story – January 26, 2018
Apple likely sold over 100 million iPhones in Christmas quarter – January 26, 2018
Apple’s December quarter iPhone sales could top a stunning 100 million units – January 24, 2018
Canalys: Apple shipped 29 million iPhone X units in Q4 2017; world’s best-selling smartphone over the holiday season – January 23, 2018
iPhone X accounted for 1 in 5 iPhones sold by Apple in America last quarter – January 22, 2018
Apple to release Q118 earnings, webcast live conference call on February 1st – January 8, 2018
“Specifically, Apple could report more than $90 billion in quarterly sales for the first time ever — up from its previous record of $78.4 billion a year ago — beating Apple’s own forecast of $84 billion to $87 billion, and representing another quarter of accelerating revenue growth.”
$90 billion is not enough then what would be enough, Mr. Wall Street?. We are living in a crazy world!.
When it comes to Apple, yes. It’s definitely a crazy world with damn crazy analysts making crazy predictions of which they know nothing about.
“The potential consequence: If Apple’s December quarter was much larger than projected — especially if iPhone X supply/demand issues were ironed out sooner than expected — it’s possible that will take some steam out of Apple’s March quarter forecast, which could then appear disappointing.”
So it’s lose/lose. Seems like many analysts do this every quarter.
Apple stock usually takes a hit in the days after earnings reports. So looking forward to a buying opportunity.
There us a reason that their title is ANALyst
Or Analcyst
Maybe if Apple was more transparent, open, and communicative; and less secretive and inarticulate things would work more in Apple’s favor. just a thought.
Apple should go private and not report anything.
Not until when Apple has enough money to buy back all the shares which is 5.9 billion shares then Apple can go private. I would sale my last shares to Apple.
Basically weak guidance is hurting Apple. Apple can’t guarantee high iPhone sales for Q2 therefore Apple remains a loser of a tech company.
Even I figure if Apple can’t break iPhone sales records for the holiday quarter then there’s absolutely no hope for the following quarter. That’s Apple’s fault because they depend too much on iPhone sales. They need to find another business to offset iPhone losses each and every quarter. Get a cloud business or a search engine business to diversify. Hardware alone isn’t going to cut it as far as Wall Street is concerned.
Why is Apple such a timid company when it comes to growing revenue? Sometimes a company has to spend big money to make big money. Maybe Apple can get investors excited instead of causing them to run away to the FANG stocks.
Those anals, biting onto regular pattern, cycles and makin them look worst because Apple, you know.
Pretty sure If Exxon was going to smash like this, the share would skyrocket
Dan Frommer … another dumbass who speculates away what little credibility he might have had. Remind me to stock up on ‘Recode’ to wipe my ass with.