“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
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