“After two consecutive quarters of declining sales, Apple investors will be scouring the company’s earnings report on Tuesday for signs of a return to growth,” Ina Fried writes for Recode. “An end to the decline would appear to hinge on sales of the all-important iPhone.
“Apple is clearly benefiting from Samsung’s Galaxy Note 7 problems, but it remains unclear just how many Note 7 buyers are gravitating to the iPhone rather than choosing a Galaxy S7 or other Android device,” Fried reports. “The other big factor is supply.”
Fried reports, “Here are some other metrics to watch, with the consensus forecast, according to Piper Jaffray.”
• September quarter revenue: $47 billion
• September per-share earnings: $1.65
• September iPhone sales: 45 million
• September Mac sales: 5 million
• September iPad sales: 8.5-9 million.
• December quarter revenue guidance: $75 billion
Read more in the full article here.
MacDailyNews Take: We’ll know in less than three and a half hours.
As usual, and more so for Apple’s fiscal first quarter (holiday), guidance is the key.
Apple will announce Q416 results that day after market close, typically right around 1:30pm PDT / 4:30pm EDT. As always, we’ll bring your the results as soon as they are available (simply check our home page at 4:30pm EDT on October 25th).
The company’s conference call to discuss Q416 results is scheduled a half an hour later, at 2pm PDT / 5pm EDT today. We plan to cover the conference call with live notes as usual. That link will appear on our home page around 4:45pm EDT today.
Previewing Apple’s Q416 earnings – October 24, 2016
Apple Q4 earnings, due October 25th, expected to reveal first annual revenue decline since 2001 – October 24, 2016
Apple to release Q416 earnings, webcast live conference call on October 25th – October 21, 2016