Apple to Announce Q4 2016 Earnings Results on October 27

[MacRumors]

Apple today updated its investor relations page to note that it will announce its earnings for the fourth fiscal quarter (third calendar quarter) of 2016 on Thursday, October 27.

The earnings report will be an exciting one, as it will provide a look at early iPhone 7 and iPhone 7 Plus sales. Apple has declined to release launch weekend sales for the two devices, making it difficult to determine how well the new phones have sold compared to the iPhone 6s and 6s Plus.

For the third quarter of 2016, Apple posted revenue of $42.5 billion and net quarterly profit of $7.8 billion, or $1.42 per diluted share. That was down from $49.6 billion in revenue, $10.7 billion in net quarterly profit, and $1.85 per diluted share in the year-ago quarter.

Apple's guidance for the fourth quarter of fiscal 2016 includes expected revenue of $45.5 to $47.5 billion and gross margin between 37.5 and 38 percent, well below the revenue of $51.5 billion it saw in 4Q 2015.

Apple will release its quarterly earnings statement at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time), with a conference call to follow at 2:00 p.m. Pacific Time (5:00 pm. Eastern Time). MacRumors will provide live coverage of the results and the call.

Article Link: Apple to Announce Q4 2016 Earnings Results on October 27

 

[Born Again]

Let me guess Tim

You can't comment on actual sales numbers but find you've received great enthusiasm from your customers and they love the iphone 7.

 

[keysofanxiety]

If you find yourself twiddling your thumbs, have a skim through some of the comments from the 'similar threads' at the bottom of this page.

You may be surprised how little the doom and gloom has changed from one quarterly report to the other.

 

[SoApple]

Edit : nevermind

 

[Nr123*123]

This is Apple's speciality now, profit reporting, not making great products but selling any product.

Case in point, look at the sheer number of variations you can have Apple products in.

iPhone SE (3 year old design with 3 colours and 2 storage options)
iPhone 6s (same again)
iPhone 6s Plus (same again)

Now you can have:

iPhone 7 (5 COLOURS - really be individual like the millions of other customers that bought it, even though you'll have to put a case on it because we haven't design it properly)

Also added a 256gb option and we'll overcharge for this. Simply because you cannot have the option to put in a £20 SD card.

iPhone 7 plus (same story)

The iPad line up is just as convuluted. Meanwhile the Mac lineup dwindles into the abyss.

 

[Exile714]

Q3** earnings. Not Q4.

Fiscal, not calendar.

 

[satchmo]

I realize the whole PC market has stagnated, but it will be interesting to see if Mac sales continue to slide.
There was a slight uptick last quarter, but it's been a steady decline from a high of 5709 units (000) in Q4 2015, to 4252 units in Q3 2016.

 

[tigres]

Macs released just before earnings then

 

[Abazigal]

This is Apple's speciality now, profit reporting, not making great products but selling any product.

Case in point, look at the sheer number of variations you can have Apple products in.

iPhone SE (3 year old design with 3 colours and 2 storage options)
iPhone 6s (same again)
iPhone 6s Plus (same again)

Now you can have:

iPhone 7 (5 COLOURS - really be individual like the millions of other customers that bought it, even though you'll have to put a case on it because we haven't design it properly)

Also added a 256gb option and we'll overcharge for this. Simply because you cannot have the option to put in a £20 SD card.

iPhone 7 plus (same story)

The iPad line up is just as convuluted. Meanwhile the Mac lineup dwindles into the abyss.

And what do you think the profits represent, if not a representation of Apple making great products and consumers being willing to shell out the premium for them?

 

[Exile714]

I think it's a good assumption Apple will release all their new products before earnings. So, if earnings is 10/27, then an event 10/24 is out of the question because it's too close (also, its a Monday).

We could have one 10/4, but that's highly doubtful given we've passed the invite range.

More likely is 10/12 (a Wednesday because of Columbus Day holiday in the US), or 10/18. If 10/18, and if it follows iPhone pre-order dates, we would have pre-orders on 10/21 for release on 10/28... one day after the earnings event.

So I'm putting my money on a 10/12 event. I know it's a lot of assumptions, but that's my guess and I'll stick to it until next week when/if it's proven wrong.

 

[Stella]

I hope by this time apple would have announced refreshed Macbook Pros!

 

[Zombie Acorn]

1 mac, 1 MacBook, 1 iPhone, 1 iPad, keep it simple, put everything behind innovating these 4 products.

Variations are getting out of control.
[doublepost=1474933992][/doublepost]

I hope by this time apple would have announced refreshed Macbook Pros!

MacBook sales are going to be bleak if they don't soon, everyone is waiting for an update.

 

[JeffyTheQuik]

Who else here thinks that Apple should do the earnings reports like the they do the product announcements.

(Intro video with Tim, Jony, and Phil talking about all of the "great new things to come," and Pharrell Williams walks in. The room goes quiet. "What song are you working on?" "I can't talk about that now. I have an NDA with Helen and Rocket, but not you guys." Everyone laughs...)
Hello everyone! I am so excited to tell you about this quarter's earnings.
(graph pops up, starts at $1.43/share)
Our EPS are up (shows $1.45/share as a huge bar), and so are our earnings compared to 1999!
(continues on...)
And to conclude, for those in the room, there are some samples of the money that we earned. Take no more than two of them! Enjoy!
(Operator cuts in...)
"And now for the question and answer session. Please keep your questions to one, and one follow up. We have Jim Cramer from CNBC on"
(Tim whispering)
"Oh boy..."

 

[realeric]

I would sell Apple stock now. Tim could be an exellent COO.

 

[mikefj2004]

How about live coverage of news on the MBP that is loooooooong overdue. I'm so getting annoyed at Apple.

 

[canadianreader]

I guess there won't be a macbook pro event before that date. I hope they do one asap I need to upgrade my mac.

 

[pat500000]

Sales talk? No keynote, right?

 

[colorfuel]

Sometimes I wonder why they even bother to continue updating OSX I mean macOS.

 

[Nr123*123]

And what do you think the profits represent, if not a representation of Apple making great products and consumers being willing to shell out the premium for them?

It represents quantity sales. McDonald's sells lord knows how many burgers a day, do you consider it to be gourmet dining?

Apple is trying to sell the same product in different iterations. New colours, new storage options or small tweaks, etc. It's not good enough.

 

[Abazigal]

It represents quantity sales. McDonald's sells lord knows how many burgers a day, do you consider it to be gourmet dining?

Apple is trying to sell the same product in different iterations. New colours, new storage options or small tweaks, etc. It's not good enough.

Mac Donald's moves tons of burgers every day because of their comparatively low prices.

Apple sells a ton of hardware despite the premium pricing that they command over the rest of the competition.

So Apple has both quality and quantity on their side.

 

[thasan]

Who else here thinks that Apple should do the earnings reports like the they do the product announcements.

(Intro video with Tim, Jony, and Phil talking about all of the "great new things to come," and Pharrell Williams walks in. The room goes quiet. "What song are you working on?" "I can't talk about that now. I have an NDA with Helen and Rocket, but not you guys." Everyone laughs...)
Hello everyone! I am so excited to tell you about this quarter's earnings.
(graph pops up, starts at $1.43/share)
Our EPS are up (shows $1.45/share as a huge bar), and so are our earnings compared to 1999!
(continues on...)
And to conclude, for those in the room, there are some samples of the money that we earned. Take no more than two of them! Enjoy!
(Operator cuts in...)
"And now for the question and answer session. Please keep your questions to one, and one follow up. We have Jim Cramer from CNBC on"
(Tim whispering)
"Oh boy..."

and Ive reporting how unapologetically thin the earning is in this quarter

 

[max.ine]

I think it's a good assumption Apple will release all their new products before earnings. So, if earnings is 10/27, then an event 10/24 is out of the question because it's too close (also, its a Monday).

We could have one 10/4, but that's highly doubtful given we've passed the invite range.

More likely is 10/12 (a Wednesday because of Columbus Day holiday in the US), or 10/18. If 10/18, and if it follows iPhone pre-order dates, we would have pre-orders on 10/21 for release on 10/28... one day after the earnings event.

So I'm putting my money on a 10/12 event. I know it's a lot of assumptions, but that's my guess and I'll stick to it until next week when/if it's proven wrong.

I think there could still be a 10/4 event if and only if the event is announced today. Otherwise, I'd agree on it being 10/12.

 

[groovyd]

And what do you think the profits represent, if not a representation of Apple making great products and consumers being willing to shell out the premium for them?

shhh... stop with the common sense

 

[Keane16]

Let me guess Tim

You can't comment on actual sales numbers but find you've received great enthusiasm from your customers and they love the iphone 7.

Isn't Apple one of the few companies that actually reports smartphone sales?

Apple is trying to sell the same product in different iterations. New colours, new storage options or small tweaks, etc.

New faster & more efficient SoC, new screens, new larger storage tier, IP67 rating, dual speakers, better cameras (front and back as well as new dual cameras on the Plus), bigger battery, new home button, improved haptics. Not to mentioned being underpinned by software that now uses artificial intelligence and machine learning whilst protecting privacy. The iPhone 7 is a solid update.

Having efficient magnetic resonance based charging is probably one thing I'd like (but I haven't ever seen that demo'd succefully). There's really not much else I want from the iPhone or iPad line. Micro-LED or OLED would be nice, but wouldn't change much for me day to day.

It's the software, particularly for the iPad that I'd like to see get some new features.

It's not good enough.

Maybe not for you, but it seems they are doing fine...

- Apple Watch - http://appleinsider.com/articles/15...action-outpaces-original-iphone-ipad---report
- iPhone (up 1 point from 2015 to 2016) - https://9to5mac.com/2016/06/01/american-customer-satisfaction-index-apple/
- iPad - http://www.patentlyapple.com/patent...tion-study-with-microsoft-gaining-ground.html
-MacBooks - http://www.digitaltrends.com/computing/macbook-leads-reliability-customer-satisfaction/

The fact that there are so many messages in this thread wanting a new MBP sums it up.

========================================

This earnings call will be interesting. Looking forward to seeing how Macs are doping with the lack of updates. And how the iPhone 7 has sold with the production issues and headphone jack removal.

 

[Stella]

Sometimes I wonder why they even bother to continue updating OSX I mean macOS.

Sierra wasn't much of an upgrade... Apple seem to be slowing down development. Focus is definitely on iOS.