Earlier today, Apple gave its investor relations page an update. The update indicated its plans to announce its fourth fiscal quarter of 2016, or the third calendar quarter. The announcement is slated to take place on Thursday, October 27th.
Many are already excited for the earnings report, especially since it will give a short look at how the public has adapted the iPhone 7 and iPhone 7 Plus. Compared to past iPhone sales, Apple has refused requests to release its iPhone 7 and iPhone 7 Plus launch weekend sales reports.
Because of this, there’s no way to gauge how well these new iPhones sold when it launched. There’s also no telling how successful the phones are compared to its predecessor, the iPhone 6s and 6s Plus.
On its Q3 2016 reports, Apple shared a revenue of $42.5 billion along with $7.8 billion net quarterly profit. This roughly translated to $1.42 per diluted share. Comparing this with last year’s Q3 earnings report, Apple’s sales declined from $49.6 billion revenue, net quarterly profit of $10.7 billion; and the $1.85 per diluted share.
There is some speculation that Apple’s Q4 2016 report will grow a revenue of between $45.5 to $47.5 billion and gross margin between 37.5 and 38 percent. This is still below the Q4 2015 revenue of $51.5 billion.
Again, these are all expectations for Apple’s report earnings. We’ll have to stay tuned for the official quarterly earnings statement which will go live on Oct. 27 at 1:30 PM Pacific Time. A conference call is set to take place after at 2:00 PM Pacific Time.
