“When it comes to the stock market, we always hear about stocks being forward looking,” Bill Maurer writes for Seeking Alpha. “That is, if a company is expected to do well in the future, its shares should as well. When it comes to Apple, results are down in the current fiscal year as its three main product lines have hit a speed bump. However, there is one item many are not talking about, and it could change investors’ view for the next year.”
“What am I talking about? Well, I’m simply talking the 2016 calendar,” Maurer writes. “Apple’s current quarter, fiscal Q4 of 2016, ends on September 24th, the last Saturday in September. The way the rest of the year falls, December 31st is a Saturday, meaning Apple’s fiscal Q1 2017 should be a 14-week quarter, as opposed to a normal 13-week one.”
“I contacted Apple investor relations last week to confirm this, but have not received a reply yet. If it turns out that fiscal Q1 will be 14 weeks long, then it is quite possible that we will see a return to revenue growth in this year’s holiday period,” Maurer writes. “Apple averaged almost $6 billion per week in total revenues. Even if we say this extra week would be a lighter sales week, say 75% of the average, you are still talking about $4.4 billion in weekly sales. That extra week could account for another million iPad sales, 4 million or so iPhone sales, etc.”
Read more in the full article here.
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