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Apple today announced that it plans to hold its quarter three earnings call for the 2021 fiscal year on July 27, 2021.

apple-q3-earnings-call.png

During the third quarter, which includes late March through late June, the company made several major announcements, including brand new iPad Pros, redesigned 24-inch iMac, AirTags, and a new Apple TV. Additionally, the company held its annual Worldwide Developers Conference, where it announced major updates to all of its platforms coming to users this fall.

During the second quarter, Apple recorded a March quarter record of $89.6 billion in revenue, while its Mac and Services business reached an all-time new high. As has been normal for the past year, Apple is not providing guidance for the June quarter given the instability fueled by the global health crisis. However, during the earnings call last quarter, Apple's CFO Luca Maestri said the company expects a "sequential revenue decline" for the June quarter.
June quarter revenues to grow strong double digits year over year, but we believe sequential revenue decline from March to June will be greater than prior years. First, due to later launch timing and strong demand, ‌iPhone‌ only achieved supply/demand balance during the March quarter. Steeper sequential decline than usual. Supply constraints will have revenue impact of $3-4 billion.

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 July 27.

Article Link: Apple to Announce Q3 2021 Earnings on July 27
 
Last edited:

citysnaps

macrumors 604
Oct 10, 2011
7,985
14,023
San Francisco
Any idea, what is apple doing with all that money?

Paying salaries and benefits for almost 150,000 Apple employees worldwide, along with capital improvements and other investments in order to continue to conceive, design, manufacture, market, sell, and support products and services customers want to purchase.
 
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ghanwani

macrumors 68030
Dec 8, 2008
2,970
3,180
Every time I go to my local store, I see people buying so many products in bulk -- like multiple ipads, cases, iphones, pencils, etc. It's as if Apple was giving them away for free. I wouldn't be surprised if the store pulls in $100K/day average business.
 
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ghanwani

macrumors 68030
Dec 8, 2008
2,970
3,180
They better start paying me more as a shareholder. The money hoarding is just ridiculous at this point.
It’s financial engineering. They have a lot of debt and they are buying back a megaton of stock. So you they have monetized the cash but are protected in case of a protracted downturn.
 
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DeepIn2U

macrumors G3
May 30, 2002
9,671
4,041
Toronto, Ontario, Canada
It’s financial engineering. They have a lot of debt and they are buying back a megaton of stock. So you they have monetized the cash but are protected in case of a protracted downturn.
Apple could, tomorrow, have absolutely NO debt - only operating debt on massive orders of supllies or regular business needs. Apple doesn’t need to continue securing debt to uphold its AAA credit rating. They just do, specivics are out of my understanding though.

too many shares are used to pay the executives - completely disproportionately. When was the last significant dividend increase? Why is a 2.2xTrillion dollar company only have less than a 1% dividend yield?
 
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