“From mind-boggling iPhone sales to an iPad division that sold more than 54 million units in Apple’s fiscal 2015 (which ended Sept. 26), despite some claims the tablet is a no-growth area, Apple’s size and scale are truly impressive,” Chris Ciaccia reports for The Street. “In fiscal 2015, the iPhone by itself generated $155 billion in sales, more revenue than nearly all of the companies in the S&P 500, including such mega-caps as Amazon, Alphabet, Facebook, Microsoft and others.”
“Analysts surveyed by Thomson Reuters expect the company to earn $3.23 a share on $76.6 billion in revenue for the fiscal first quarter,” Ciaccia reports. “Apple is slated to report earnings after the bell on Jan. 26, when it is expected to show slowing iPhone growth.”
Ciaccia reports, “Apple is expected to ship around 76 million iPhones in the fiscal first quarter, a growth rate of less than 2% year over year.”
Check out the infographic in the full article here.
MacDailyNews Take: Considering that Apple set themselves up for this year’s “tough compare” by generating tremendous pent-up demand for iPhone 6/Plus after being late with properly-sized iPhones by at least two years (giving the iPhone knock off peddlers a free pass into the market), any beat on iPhone unit sales, even if only by one unit, would be impressive. Of course, even if it’s by 2 million units, the bears and shorts won’t view or portray it as such.
SEE ALSO:
Apple Q116 earnings preview – January 25, 2016
What to look for in Apple’s earnings report tomorrow – January 25, 2016
Apple to release Q116 earnings, webcast live conference call on January 26th – January 22, 2016
No MDN. The stock will drop precipitously because for a while now Apple has been releasing buggy products and Tim Cook has been “leading” with failed delegation.
No Chris, your prediction that Apple stock will drop is a no brainer. I have been watching Apple stock since the 1990’s and every time they come out with a good quarter or year that was better than the last – the stock drops. I don’t understand it, never will. But the stock dropping does not confirm your lack of understanding Apple. It only confirms business as usual for Wall Street.
MDN, Apple was not late to the large phone market. Samsung was forced to make a bigger phone to match the battery life and because their tablets didn’t sell because no developers were optimizing apps for them. Samsungs marketibg team spun this as a feature when in reality it was simply a lack of ability to make their tablets sell.