Apple Moves Q2 2016 Earnings Announcement to April 26

[MacRumors]

Apple today updated its investor relations page to note the earnings announcement for the second fiscal quarter (first calendar quarter) of 2016 will take place on Tuesday, April 26 instead of Monday, April 25 as was previously announced last month.

It is not clear why Apple has moved the date of the earnings call by a single day, but it will now take place next Tuesday instead of next Monday.

The earnings release will provide a look at sales of the iPhone 6s, 6s Plus, and SE following Apple's record first quarter, which saw the company announce 74.8 million iPhone sales and $18.4 billion profit on $75.9 billion in revenue.

Apple has warned that iPhone sales will decline in the March quarter and has provided Q2 2016 guidance of $50 to $53 billion in revenue and gross margin between 39 and 39.5 percent. Should Apple only take in $50 to $53 billion, the company will see its first year-over-year revenue drop in 13 years.

The quarterly earnings statement will be released at 1:30 PM Pacific/4:30 PM Eastern, with a conference call to discuss the report taking place at 2:00 PM Pacific/5:00 PM Eastern. MacRumors will provide coverage of both the earnings release and conference call on April 26.

Update: According to Apple, the earnings call is delayed because of a memorial service for Bill Campbell, who passed away earlier this week.


Article Link: Apple Moves Q2 2016 Earnings Announcement to April 26

 

[yaxomoxay]

" Should Apple only take in $50 to $53 billion"

Gosh, how I wish I could complain like that reading my checking account...

 

[ArtOfWarfare]

How much does Apple spend per year? Does a decline in revenue like that actually matter for Apple? They seems to already have more money than they know what to do with.

 

[GeneralChang]

How much does Apple spend per year? Does a decline in revenue like that actually matter for Apple? They seems to already have more money than they know what to do with.

Apple has enough money in their cash reserves to buy all ten aircraft carriers currently operating in the US navy (assuming aircraft carriers were for sale) with enough left over to build a Saturn V rocket and launch a mission to the moon. I wouldn't know what to do with that much money either.

You know, besides trying to buy a fleet of aircraft carriers and land some employees on the moon. Do we know if Tim Cook has a suggestion box somewhere?

 

[apolloa]

I like how this story has got it right and only mentions the iPhone as that's all Apple makes these days.....

 

[JustThinkin']

So far all the comments rationalize how gentle and slow the sinking of the ship will be. In fact they don't even acknowledge it's beginning its decent!

This situation is partly Apple's fault, and partly because of the general decline in technology, as we've just witnessed with Intel. But we all know that Japanese-style refinement of the product lines does not equal innovation. In fact I'd contend that today, Japanese tech companies may even be more innovative than Apple.

Such a pity. I'll bet there are at least a dozen people already working for Apple right now who could fill Steve Jobs' shoes, but all their creativity gets pushed down because of the corporate structure. Apple needs to start recruiting for a small 'Steve Jobs team' today, give them power, select the best (one or few) of them and give them authority! But I fear Tim Cook won't be able to bring himself to do it, because in the end he probably fears the investors more than the fact that his train called Apple is ever so slowly coming to a halt.


Long live the Titanic!

 

[nt5672]

So far all the comments rationalize how gentle and slow the sinking of the ship will be. In fact they don't even acknowledge it's beginning its decent! . . . . .

Technology is becoming a commodity. This is a normal transition, where making the next big thing is not as important as making good, reliable, usable, technology. Will Apple make the transition? Who knows! They are being right now.

 

[Rogifan]

So a story about Apple moving earnings call by one day will now turn into an apple is doomed thread because... Sigh.

 

[Jarman74]

So a story about Apple moving earnings call by one day will now turn into an apple is doomed thread because... Sigh.

...it's crystal clear that they have something to hide. And they just needed a few more hours to be able to do it overnight.

/s

 

[JustThinkin']

So a story about Apple moving earnings call by one day will now turn into an apple is doomed thread because... Sigh.

Because it's already been happening for a few years now. We've seen the problems, but the economic results lag behind by a couple of years. Nevertheless, anyone who's paying attention can see that Apple fails to bring anything significantly new or better to the market anymore. Nowadays they're more concerned about issues like not making a proper Mac Mini to avoid cannibalizing sales of other Macs! And this isn't even their biggest market anymore anyway!

BTW, the most Anti-Apple attitude is to say everything's OK when it's not. Just pat Tim on the head and say "good boy, you're doing well!"

Technology is becoming a commodity. This is a normal transition, where making the next big thing is not as important as making good, reliable, usable, technology. Will Apple make the transition? Who knows! They are being right now.

Then you have a narrow idea of what Technology is.

The only thing that's a foregone commodity is the old ways of implementing technology. You could have made the same comment ten years ago, just before Steve proved that Technology meant putting a computer in a mobile phone (and later a tablet) in (more or less) the right way.

What would be really useful to people today? That's the question!

 

[CarlJ]

Apple today updated its Investor relations page to note the earnings announcement for the second fiscal quarter of 2016 will take place on Tuesday, April 26 instead of Monday, April 25

As was foretold in the prophesies, by Nostradamus.

 

[stiligFox]

I like how this story has got it right and only mentions the iPhone as that's all Apple makes these days.....

The iPhone is the majority product that Apple sells - during the 2015 FP it accounted for over 60% of their sales revenue.

On that note - Apple needs to be careful and diversify. The iPhone will only last so long. Hopefully the AppleCar will be a hit.

 

[countryside]

Ehh.. The did this because of a memorial. They are not hiding anything.

 

[firewood]

the fact that his train called Apple is ever so slowly coming to a halt.

All trains eventually come to a halt, but sometimes it take a fraction of a century, and the enterprises still end up huge.

Look at GM. Doomed by Japanese car makers many decades ago. Bankrupt for a bit. Not even highly diversified. But still planetary Fortune 50.

Apple should do better than that.

 

[JustThinkin']

All trains eventually come to a halt, but sometimes it take a fraction of a century, and the enterprises still end up huge.

Look at GM. Doomed by Japanese car makers many decades ago. Bankrupt for a bit. Not even highly diversified. But still planetary Fortune 50.

Apple should do better than that.

But Apple wasn't a train until now. This decline could have been put off indefinitely - yet it wasn't.

 

[AxoNeuron]

If anyone deserves a revenue drop, it's definitely Apple. The fact that they are selling 16GB devices in the year 2016 is preposterous. It was fine in 2011, but seriously, it's been five years now.

 

[cdmoore74]

If anyone deserves a revenue drop, it's definitely Apple. The fact that they are selling 16GB devices in the year 2016 is preposterous. It was fine in 2011, but seriously, it's been five years now.

The sad part is that Apple will give us 32GB this year but will up the starting price. Look at the iPad Pro 9.7" pricing. Wait and see.

 

[henryaaron]

I don't like the new "corporate" Apple, with all their profit-oriented ideas and pushing products and customers to the back seat. I liked the anti-corporation style Steve Jobs had.

And I don't think Tim Cook was right for CEO.

Disclaimer: This is not a typical Apple is doomed, Steve Jobs was everything type comment. I'll reason with anybody about why this is fact-based.

 

[C DM]

I don't like the new "corporate" Apple, with all their profit-oriented ideas and pushing products and customers to the back seat. I liked the anti-corporation style Steve Jobs had.

And I don't think Tim Cook was right for CEO.

Disclaimer: This is not a typical Apple is doomed, Steve Jobs was everything type comment. I'll reason with anybody about why this is fact-based.

Pretty sure plenty of Steve Jobs' ideas were profit oriented. Tim Cook was also his pick so that means he must have agreed with his style.

 

[dampfnudel]

I like how this story has got it right and only mentions the iPhone as that's all Apple makes these days.....

It's questionable what Apple would be making these days if the iPhone didn't exist. Apple wouldn't be swimming in cash, that's for sure.
[doublepost=1461214819][/doublepost]

Pretty sure plenty of Steve Jobs' ideas were profit oriented. Tim Cook was also his pick so that means he must have agreed with his style.

Tim Cook was the best option at the time, but five years later is he still the best option?

 

[majkom]

So far all the comments rationalize how gentle and slow the sinking of the ship will be. In fact they don't even acknowledge it's beginning its decent!

This situation is partly Apple's fault, and partly because of the general decline in technology, as we've just witnessed with Intel. But we all know that Japanese-style refinement of the product lines does not equal innovation. In fact I'd contend that today, Japanese tech companies may even be more innovative than Apple.

Such a pity. I'll bet there are at least a dozen people already working for Apple right now who could fill Steve Jobs' shoes, but all their creativity gets pushed down because of the corporate structure. Apple needs to start recruiting for a small 'Steve Jobs team' today, give them power, select the best (one or few) of them and give them authority! But I fear Tim Cook won't be able to bring himself to do it, because in the end he probably fears the investors more than the fact that his train called Apple is ever so slowly coming to a halt.


Long live the Titanic!

There was at least one, Cook pushed him away as he was afraid of loosing power... Typical example of corporate struggle for power.. (Little hint: Apple maps...)

 

[Kajje]

Apple has enough money in their cash reserves to buy all ten aircraft carriers currently operating in the US navy (assuming aircraft carriers were for sale) with enough left over to build a Saturn V rocket and launch a mission to the moon.

This certainly makes more sense than giving back the money to the investors.
[doublepost=1461220282][/doublepost]

Tim Cook was the best option at the time, but five years later is he still the best option?

My vote goes to Siri

 

[C DM]

It's questionable what Apple would be making these days if the iPhone didn't exist. Apple wouldn't be swimming in cash, that's for sure.
[doublepost=1461214819][/doublepost]

Tim Cook was the best option at the time, but five years later is he still the best option?

Seems Apple is doing better and better, as are the shareholders, and more and more people are using Apple products and the satisfaction seems quite high as well. So...there it is.

 

[thekeyring]

How much does Apple spend per year? Does a decline in revenue like that actually matter for Apple? They seems to already have more money than they know what to do with.

No, it won't matter.

But the concern will be what happens if it goes down and down, quarter after quarter? Eventually it will matter. Obviously an irrational fear after one quarter's results.

 

[2ilent8cho]

It's questionable what Apple would be making these days if the iPhone didn't exist. Apple wouldn't be swimming in cash, that's for sure.

Just their Mac business alone brings in around 6 billion dollars a quarter in revenue.