Apple Expected to Report Highest Revenue in Single Quarter in Company's History

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Jan 30, 2018.

  1. MacRumors, Jan 30, 2018
    Last edited by a moderator: Jan 30, 2018

    MacRumors macrumors bot

    MacRumors

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    Apple is set to report its earnings results for the first quarter of its 2018 fiscal year at 1:30 p.m. Pacific Time on Thursday.

    The quarter reflects Apple's sales between October 1 and December 30 of 2017.

    Apple provided the following guidance for the quarter back on November 2:
    o revenue between $84 billion and $87 billion
    o gross margin between 38 and 38.5 percent
    o operating expenses between $7.65 billion and $7.75 billion
    o other income/expense of $600 million
    o tax rate of 25.5 percentApple's guidance suggests the company will easily beat its current all-time quarterly revenue record of $78.4 billion set a year ago.

    Wall Street analysts forecast that Apple will report $87.06 billion revenue and earnings per share of $3.83, according to 29 estimates averaged by Yahoo Finance.

    A quarter-by-quarter look at Apple's revenue since the 2009 calendar year:Apple's FY Q1 Rev.
    o 2014: $57.6B
    o 2015: $74.6B
    o 2016: $75.9B
    o 2017: $78.4B
    o 2018: $84B+
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    MacRumors has compiled fiscal first quarter estimates from several financial institutions and analysts tracking Apple's earnings results and stock.

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    Key Takeaways and What to Look For
    o Was the iPhone X a hit? Apple began taking iPhone X orders on October 27, roughly four weeks after the quarter began, so investors will be closely examining Apple's total number of iPhones sold to see if the flagship smartphone had a measurable impact. Apple doesn't reveal iPhone sales on a model-by-model basis, however, so its total will include sales of the iPhone 8, iPhone 8 Plus, and older models in its smartphone lineup. Apple's mark to beat is 78.3 million iPhones sold in the year-ago quarter.

    As noted by Apple analyst Neil Cybart in his earnings preview for Above Avalon, Apple's average selling price for iPhones will also be an important metric. With the iPhone X starting at $999 in the United States, investors will undoubtedly be looking for an increase in how much customers are spending on iPhones.

    o Will the HomePod delay have any affect? Apple originally said that its HomePod speaker would launch in December, which would have been within the final month of the quarter. Instead, orders began last week, after the quarter, and this could have a marginal impact on Apple's forecasted revenue.

    o How strong will Apple's second quarter guidance be? Apple's forecasted revenue for the second quarter of its 2018 fiscal year, reflecting the January-March period, should prove whether iPhone X demand has significantly declined as suggested by The Wall Street Journal and Japan's Nikkei Asian Review. Apple CEO Tim Cook has dismissed these types of reports in the past, noting that the company's supply chain is very complex and that any singular data point is not a great proxy for what's going on.
    o Will there be services growth? Apple said it reached over $30 billion revenue in its 2017 fiscal year for services, such as the App Store, Apple Music, iCloud, and iTunes, making this part of its business the size of a Fortune 100 company. Investors will be looking for continued growth in this category. The mark to beat is $7.1 billion in the year-ago quarter.

    o iMac Pro orders began on December 14, roughly two weeks before the end of the quarter, which could give a small boost to Mac sales.
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    Cook and Apple's financial chief Luca Maestri will discuss the company's earnings results on a conference call at 2:00 p.m. Pacific Time on Thursday. MacRumors will transcribe the call as best as possible for those unable to listen.

    Article Link: Apple Expected to Report Highest Revenue in Single Quarter in Company's History
     
  2. PastaPrimav macrumors 6502

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  3. berrymetal macrumors regular

    berrymetal

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    #3
    DOOMED. APPLE IS DOOMED they cut iPhone X production in half!
     
  4. MacFather, Jan 30, 2018
    Last edited: Jan 30, 2018

    MacFather macrumors 6502a

    MacFather

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    #4
    Best iPhone under SJ (iPhone 4 - 2010) started at $599, now it is $999. Is iPhone X 67% more innovative than the iPhone 4 was at the time of the release? I don't think so.
     
  5. fokmik macrumors 68040

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    #5
    All people cry about apple and iphone macs...but seems , they do ONLY on the web...in real life they buy APPLE
     
  6. Xavier macrumors 68030

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    Columbus
    #6
    Can we not? Please.
     
  7. Relentless Power, Jan 30, 2018
    Last edited: Jan 30, 2018

    Relentless Power macrumors Penryn

    Relentless Power

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    #7
    Not much of a relevant comparison. iPhone Technology has changed so much Over the years when the iPhone was under Steve Jobs and where the iPhone X is today. I would rather much have the iPhone X today with all the technology included than an iPhone from seven years ago. Also you have to factor the price with hardware advancements/component costs have increased the price point.
     
  8. jonnyb098 macrumors 68030

    jonnyb098

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    #8
    “But Apple is doomed, they’re going down the drain, they can’t innovate”....and every quarter those trolls are proven wrong.
     
  9. Abazigal macrumors G4

    Abazigal

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    #9
    To keep making more and more money, it seems.

    Will the detractors never learn?
     
  10. berrymetal macrumors regular

    berrymetal

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    #10
    Well the high end samsung galaxy phone used to cost 400$, now it's 800/900$
     
  11. UnionVGF macrumors 6502a

    UnionVGF

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    #11
    It's what happens when product prices are charged substantially higher than production costs, even when sales slow.
     
  12. Dave245 macrumors 604

    Dave245

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    #12
    It’s a different iPhone tho, you can still get the cheaper iPhone 8 and 8 Plus, you’re talking about Steve Jobs who died in 2011, 7 years ago!
     
  13. BruceEBonus macrumors 65816

    BruceEBonus

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    #13
    People celebrating billionaires getting more billions for products that pale in comparison to their competition.

    And charge more for the ‘privelege’.

    Only Apple can do this.
     
  14. Ramchi macrumors 6502a

    Ramchi

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    #14
    This is expected of due to holiday sales. Next quarter will be interesting indeed. Apple king in profits under Tim, no doubt
     
  15. Jesse Waugh Suspended

    Jesse Waugh

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    #15
    I love how people judge Apple's "success" by how bloated its stock looks. Is that kind of "success" sustainable?
     
  16. twennywonn macrumors regular

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    #16
    That can't be, the iPhone X is a complete failure!
     
  17. timborama macrumors 6502

    timborama

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    #17
    Never gets old :rollseyes:
     
  18. Glideslope macrumors 603

    Glideslope

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    #18
    Yes it will. ;)
     
  19. 78Bandit macrumors 6502a

    78Bandit

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    #19
    I am most interested in the 2Q estimates. It is no surprise there was a pent-up demand for the iPhone X, the question is how pervasive was it and will it continue? Supply and demand reached equilibrium around the second week of December. Will we see similar revenue growth when comparing 2Q estimates with actual 2Q results from 15, 16, and 17, or will this turn out to be a one-time aberration?

    The key statistic is comparing to 2Q revenue from FY15. That was the continuation of the supercycle of the iPhone 6 and had revenue of $58 Billion. If Apple is going to sustain its growth compared to FY 2015 we will need to see estimated 2Q revenue of $65 Billion.
     
  20. Chupa Chupa macrumors G5

    Chupa Chupa

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    #20
    1. HomePod is irrelevant to Apple’s bottom line no matter if it did launch on schedule. It’s simply too low volume at this point. The real question is whether Amazon used that crucial extra time to increase Alexa’s user base, making Apple’s catch-up that much steeper.

    2. It’s not about the iPhones Apple already sold. It’s about the guidance Apple will give for Q2.
     
  21. Strelok macrumors 6502a

    Strelok

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    #21
    Bloated? They have over $200B just sitting in the bank and continue to make record revenue/profits YoY.
     
  22. OldSchoolMacGuy Suspended

    OldSchoolMacGuy

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    #22
    Apple is doomed! Tim is running things into the ground. No one will buy these products!
     
  23. Chupa Chupa, Jan 30, 2018
    Last edited: Jan 30, 2018

    Chupa Chupa macrumors G5

    Chupa Chupa

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  24. DUIduckSAUCE Suspended

    DUIduckSAUCE

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    #24
    I love when people say or complain that a product is priced to high. Then proceed to praise the same company when they make record profits.
    I wouldn’t mind paying less for my Apple gear, but it looks like they know what they are doing when it comes to pricing.
     
  25. Naimfan Suspended

    Naimfan

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    #25
    Well, duh. Of course it will be the highest revenue ever . . .
     

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