“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
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