Apple to Announce Q4 2015 Earnings on October 27

[MacRumors]

Apple updated its investor relations page today to note that it will announce its earnings for the fourth fiscal quarter (third calendar quarter) of 2015 on Tuesday, October 27. The quarterly earnings statement will be released sometime 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.

The earnings report will provide a look at early iPhone 6s and iPhone 6s Plus sales. Apple this morning announced launch weekend sales of 13 million for the two devices, outpacing iPhone 6 and 6 Plus sales during launch weekend in 2014.

For the third quarter of 2015, Apple reported earnings of $10.7 billion on $49.6 billion revenue, selling 47.5 million iPhones, 10.9 million iPads, and 4.8 million Macs. Apple's guidance for the fourth quarter includes expected revenue of $49 to $51 billion and gross margin between 38.5 and 39.5 percent.

MacRumors will provide coverage of both the earnings report and conference call on October 27.

Article Link: Apple to Announce Q4 2015 Earnings on October 27

 

[iLoveiTunes]

Outcome - Record breaking QTR, stock down 5% after hours

 

[AngerDanger]

Here's to hoping the Apple watch is still doing excellently—and not anything more specific.

 

[ghost187]

Unless they announce Apple Car, the stock will go down.

APPL is the most unfairly treated company on Wall Street. I wish they went private somehow.

16gb base storage, 1gb of ram until now, only 5gb icloud storage for free, iPhone 5c, etc... These are all because of the constant pressure from investors for better margins.

Everyone who bought AAPL and held on to it is a lottery winner. Plus they get a decent dividend (I know someone who is getting more from AAPL dividends than what they originally invested every three months). What else do they want?

Wall Street does not deserve AAPL.

 

[NachoGrande]

Unless they announce Apple Car, the stock will go down.

APPL is the most unfairly treated company on Wall Street. I wish they went private somehow.

16gb base storage, 1gb of ram until now, only 5gb icloud storage for free, iPhone 5c, etc... These are all because of the constant pressure from investors for better margins.

Everyone who bought AAPL and held on to it is a lottery winner. Plus they get a decent dividend (I know someone who is getting more from AAPL dividends than what they originally invested every three months). What else do they want?

Wall Street does not deserve AAPL.

While these number might sound staggering compare it to the market cap(650B). They need huge numbers to drive the stock up. This obviously wasn't good enough with the condition of the market. The Nasdaq was down 3% and apple was only down ~2% don't see how that is unfair.

 

[Andres Cantu]

It's too bad that we won't know how good or bad the iPod touch 6th generation is doing since Apple moved iPods into the "Other" category

 

[ghost187]

While these number might sound staggering compare it to the market cap(650B). They need huge numbers to drive the stock up. This obviously wasn't good enough with the condition of the market. The Nasdaq was down 3% and apple was only down ~2% don't see how that is unfair.

I am not just looking at today. I'm just saying that this stock is broken. You look at EPS minus cash, and the valuation of AAPL is comical. So, what if this stock is by far the largest by market cap, it still has more growth potential than anything in its class.

YOY iPhone sales never dipped nor does it seem like it will, revenue/profits go up every year, bunch of new product categories ripe for explosive growth (watch, TV, Apple Music, Apple Pay), Macs still growing, iPad looks poised for a comeback, and Apple Car rumors actually have a good chance of being true as distant in the future as it may be.

If you were a neutral consultant facilitating the sale of Apple as a company, what would you price it at? If you have any business school background the answer would be well over a trillion, probably 2+. Just shave off a few zeros from everything and you'll see how crazy cheap AAPL's valuation is.

 

[BCC16]

Record breaking quarter doesn't matter. AAPL doesn't move unless Apple beats unrealistic Wall Sreet expectation. That's reality.

 

[Keane16]

16gb base storage, 1gb of ram until now, only 5gb icloud storage for free, iPhone 5c, etc... These are all because of the constant pressure from investors for better margins.

I disagree. I honestly don't think Apple care.

Doing the things you think Apple did for better margins would only lead me to drop my preference for Apple's products in the long run. You don't build brand loyalty and repeat customers like Apple has done by scrimping. And yes I know on this and many forums on the internet that's what people believe. But I think there is a balancing act, Apple has way more data on things like battery life, device storage etc. and are in a better position to make business decisions than Wall St or us guys on a forum. Apple has never been cheap to buy into at a product level - but over a products lifetime I always end up feeling like I got a better deal than similar, cheaper rival products because of length of use, Apple Store support, resale value, ongoing OS support etc. Ultimately I always feel like a got a good deal.

Your thought process is "Fat margins, even at the expense of UX will lead to a higher share price". I think Apple go by "Fat margins at the expense of UX, will destroy loyalty and hurt long term prospects, including share price".

As Tim Cook said:

“When we work on making our devices accessible by the blind, I don’t consider the bloody ROI,” Cook said, adding that the same sentiment applied to environmental and health and safety issues.

He told Danhof that if he did not believe in climate change, he should sell his Apple shares. “If you want me to do things only for ROI reasons, you should get out of this stock,” he said.

http://www.theguardian.com/environm...ok-climate-change-sceptics-ditch-apple-shares

Also here is a comment I saw on Reddit recently, it sums up my view on 16GB devices:

I'm pretty sure my comment will be extremely unpopular. But my personal theory about storage capacity is that there are four categories of entry-model users. One group is comprised of those who don't need more than 16GB, because they really don't use their iPhone for very much outside of mobile internet access and probably don't enjoy consumer tech in general. The second is comprised of people who are new to smartphones and may upgrade in the future when they understand their actual needs.

The last two groups are comprised of those who simply won't spend more money no matter what. Enterprise, for example, will just opt for the cheapest option by default. Regardless of what the users/employees think about it, the corporations or small businesses are the actual customers in this scenario. If they could get an even cheaper model without, let's say, a camera or activity sensor, they would choose that one instead.

And then there are individual users who can't or won't spend the extra $100 on an upgrade, no matter what they're getting. If they get 16GB, they'll fill it up, constantly delete unused apps and old photos, and complain about the storage capacity. But, if they got 32GB instead, they would end up doing exactly the same thing — fill up available storage capacity, delete content, and complain about the storage capacity.

I think it's an important point to consider, because the tendency to consistently spend as little as possible does affect entire industries, and it can downgrade the user experience for a lot of people. For instance, the reason airlines increasingly suck is that most people will always just pay as little as they can. They will complain about the lack of food service, about the shrinking leg room, about getting nickeled and dimed with baggage fees — but none of that actually changes their spending habits at all. When it comes time to plan their travel, they're still looking for the cheapest flight that will get them where they need to be when they need to get there. They want amenities, but they refuse to pay for them en masse.

As a result, proportionately, most seats are there to accommodate those who spend as little as possible. If even 10% of airline passengers wanted to upgrade, they wouldn't all be able to. Furthermore, even if they end up spending more by choosing the cheapest ticket and paying baggage fees, compared to getting a higher tier ticket with free checked baggage, a lot of those people would choose the former, because psychologically, they aren't thinking ahead about what is really the better value.

https://www.reddit.com/r/apple/comments/3m091s/daring_fireball_the_iphones_6s/cvb0lvq

I think what I said earlier is important. It's a balancing act between making a great device, and keeping Apple in profit to continue making things. I'd hate a race to the bottom as we've seen with Android handsets which just sucks for all those manufactures, and not doubt will hurt the users of their handsets in the long term when they have to start cutting features and quality to remain competitive.

 

[FloatingBones]

I fondly wish that @arn/MacRumors and other top-shelf bloggers would get together behind the scenes and formulate three questions you would like to ask (or have asked) at the earnings call Q&A session. You guys could all talk in private and then simultaneously release postings at a fixed time (24 hours?) before the event.

I realize this would be a manufactured news story, but I think it would be a good manufactured story. I also think most of the calls from analysts are a colossal waste of time. You guys could do better. I'm working hard to suggest a question myself, because you guys could do far better than me.

 

[Thermal Underwear]

While these number might sound staggering compare it to the market cap(650B). They need huge numbers to drive the stock up. This obviously wasn't good enough with the condition of the market. The Nasdaq was down 3% and apple was only down ~2% don't see how that is unfair.

How many other companies are earning over $10B in quarterly profits, have 4x more cash than debt, pay a dividend, buyback large amounts of stock, and still carry a P/E around 11 ? Google has one-fourth the revenues and yet is rewarded with a P/E of 17. That makes no sense. Google is essentially a one-product company with ad revenue as it's primary driver, so how is it that haters of Apple can dwell on the iPhone as its main source of profits ? ApplePay and AppleTV are both setting up to be strong products for future significant revenue growth, but all anyone can focus on is demanding this low P/E stock continue to produce 40% YoY revenue growth when that's not the benchmark by which others are measured. Do we even need to discuss Microsoft with a P/E 14, minimal-to-negative growth, a legacy phone division that is destined to collapse, and a desktop OS product that last enjoyed success with Windows 7. If treated like AAPL, MSFT stock should be trading under $30.

AAPL should immediately buyback another $100B of stock, increase the quarterly dividend to $1, then do a 1:4 reverse split. That would be my approach to reduce the short manipulation game.

 

[nick42983]

Outcome - Record breaking QTR, stock down 5% after hours

It's down about 5% in the past week after record breaking iPhone sales, including in China. I think it'll take closer to a 10% hit when the earnings are actually released Insanity, bizarro world on Wall Street, with chicanery like this it's no wonder so many people believe the stock market is a rigged game.