Credit Suisse: This is key for Apple

“For the first time since Apple began selling its iPhone 6S and 6S Plus models, investors will find out just how well they resonated with consumers,” Stephanie Landsman reports for CNBC.

MacDailyNews Take: We’ll we do know that there were 13 million preorders, an all-time record for smartphone sales (which each new iPhone model has set upon its introduction).

“iPhone sales guidance will be key, according to Credit Suisse Managing Director Kulbinder Garcha,” Landsman reports. “‘Can the iPhone business continue to grow? We think it can,’ Garcha told Fast Money. ‘We’re looking for 78 million iPhones to be sold in the December quarter.'”

“China will be another major factor for Apple,” Landsman reports. “‘Investors will be playing close attention to how the Chinese businesses fared especially because it was growing so strongly in the first half of the year,’ said Garcha, whose estimates are a hair lower than Wall Street forecasts.”

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 the company’s 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

Analysts setting up to crush Apple stock price? – October 27, 2015
Apple earnings: Good is never good enough – July 22, 2015
Cowen downgrades Apple on record quarterly earnings results – July 22, 2015
For Apple, more success raises more questions – July 22, 2015
Sorry, haters: Tim Cook confirms Apple Watch sales are much better than you think – July 22, 2015
Here’s how many Apple Watch units Apple sold – July 22, 2015
Drudge screams: ‘APPLE FUTURE QUESTIONED’ – July 21, 2015
Apple poised for $50 billion valuation loss after posting ‘disappointing’ record earnings – July 21, 2015
Apple shares plunge after ‘disappointing’ record third quarter results – July 21, 2015
MacDailyNews presents live notes from Apple’s Q315 Conference Call – July 21, 2015
Apple pulverizes the Street with record third quarter results – July 21, 2015


    1. Hi Speed Trading still a thing? Think you are smart? Ordered more Apple stuff? Hate your boss? Being the salty dog or just having sandy balls?

      HR: “….these are not the droids you are looking for.”


  1. The pre-sale numbers comparison with prior years would be a lot more informative if they compared the numbers based on the countries that make up the total. For example, if the prior year had 10 countries, compare the total for the current year with just those same 10 countries to compare like to like. That would give a more solid grasp of continued interest or actual growth. With staggered release you got a more even sales graph over the course of the release, with recent releases involving more countries that sales graph spikes early and then tapers off faster making the quarters following release look bad in comparison to both current year and prior years.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.