All eyes on Apple earnings today: What to watch

“Apple Inc. is scheduled to report results for its fiscal fourth quarter ended Sept. 26 after the market closes on Tuesday,” Daisuke Wakabayashi reports for The Wall Street Journal.

“Earnings of $1.88 a share is the consensus of analysts surveyed by Thomson Reuters, compared with $1.42 a share a year earlier,” Wakabayashi reports. “Revenue of $51.1 billion is expected by analysts, compared with $42.12 billion reported a year earlier.”

“Analysts polled by Fortune Magazine forecast that Apple sold 48.72 million iPhones during the Sept. quarter, 24% more than a year earlier,” Wakabayashi reports. “China’s economy is slowing, as are smartphone sales. So far, Apple has bucked the trends. In the June quarter, sales to Greater China, which includes Hong Kong and Taiwan, more than doubled from a year earlier. That market is now Apple’s second biggest market, surpassing Europe. Investors will be keen to see if Apple can maintain that momentum.”

Read more in the full article here.

MacDailyNews Note: Apple’s conference call to discuss fourth fiscal quarter results is scheduled for Tuesday, October 27, 2015 at 2:00 p.m. PT / 5:00 p.m. ET. As usual, we expect earnings results after market close, right around 1:30pm PDT / 4:30pm EDT.

We’ll bring you the results as soon as they are available and follow that up with live notes from Apple’s conference call. Check our home page around 4:30pm EDT for the results and around 4:45pm EDT for the link to our live coverage.

On July 21, 2015, Apple provided the following guidance for its fiscal 2015 fourth quarter:
• revenue between $49 billion and $51 billion
• gross margin between 38.5 percent and 39.5 percent
• operating expenses between $5.85 billion and $5.95 billion
• other income/(expense) of $400 million
• tax rate of 26.3 percent

Apple earnings: Happy holidays or a lump of coal? – October 26, 2015
Apple: Why $116-$120 will soon be history – October 26, 2015
Apple’s earnings next week may set a new Nasdaq record – October 24, 2015
Apple to release Q415 earnings, webcast live conference call on October 27th – October 8, 2015


  1. I would be surprised if aapl went up after the results are announced. They would have to beat expectations in all areas. There’s usually one area that gets the street “worried” and causes a sell off.

  2. If they post poor numbers: The Street drops
    If they post expected numbers: the Street drops
    If they post better than expected: The Street drops
    If they kill the numbers: The Street drops.

    You read it here! I’m a friggin genius. Buy my letter: Only $10,000 per year.

  3. On the day Amazon, Alphabet and Microsoft reported earnings, the market was overflowing with green and all was good with the world.

    Today the market is filled with red so I can only imagine how it’s going to turn out for Apple shareholders. I might as well get my knife and add to the red.

    I’m sorry but after the past recent quarters this year, I can only get a feeling of foreboding. I refuse to listen to Tim Cook saying how Apple had one of the best quarters ever and then watch the stock drop 5%. It’s simply too nonsensical to comprehend. A sick joke unleashed upon Apple shareholders designed by the perverse gods atop Mt. Olympus.

    1. If you believe that AAPL will fall on the news (or the day before, it appears), then either sell your AAPL or short AAPL.

      If you are long on AAPL, then don’t worry about it. These local bumps and dips are not significant in the long term. Saving for retirement is great unless the stress of saving and investing kills you before retirement.

      1. I’m not worried about it. I’m only saying it’s confusing. I’ve been holding Apple for over ten years and have made out very, very well. I have no desire to abandon a company I believe in with great fundamentals. That still doesn’t change how the stock market makes little sense to me. The way Apple stock moves should be very frightening to potential investors. I can’t even recommend the stock to my friends because of its erratic behavior and I could tell them to buy stocks that perform a lot better over the short-term. I’m only griping because I don’t understand what’s really going on in the stock market. It just seems like a fraud is being committed. Anyway, I’m already retired and quite comfortable.

    2. I agree with King Mel, below., Long-term investors don’t sweat the momentary ups and downs. Why are you acting like a blip is such a big deal? Have you made some really foolish shorting decisions and are moaning about their potential impact or something?

    1. Since 2003 AAPL shares are up 11,500 %. This represents a compound annual average growth of 38 %. The yearly dividend pay-out on those shares is twice what it cost to buy them (< $1, split-adjusted), too. Sweet investment. Yet what is in the past is not as important as what is in the future.

      Agree: forget short term fluctuations and focus on Apple's long-term outlook. No other company has demonstrated as much ability to innovate. Periodically, Apple is like: The Silver Surfer, Destroyer Of Worlds (…that no longer deserve to exist).

      Naysayer analysts and investors are those with no real insight into the world around us: they cannot see change coming. Those who do see Apple's potential will not sweat the small stuff.

      Some people lack the apparatus — or "adequatio", as coined by St Thomas Aquinas in the 1200s — to see certain things. It is like being color-blind, or more broadly, knowing that humans cannot see or hear things that we know exist, due to our inadequate sense apparatus. (Eg, compared with eagle eyesight or dog hearing, humans simply lack the apparatus to sense these things.)

      The same is true about being able to "see" Apple's potential, to "see" where the future is headed, or to "see" certain intellectual, philosophical, or inevitable truths. Some people just cannot see it. But those who do see it, will not let others talk them out of it. Cheers!

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