Apple to Announce Q4 2017 Earnings on November 2

[MacRumors]

Apple today updated its investor relations page to announce that the company will share its earnings for the fourth fiscal quarter (third calendar quarter) of 2017 on Thursday, November 2.

The earnings release will provide a look at iPhone 8 and iPhone 8 Plus sales during their first week of availability. Apple has not provided launch weekend sales for the new devices, so this will be the first look at how well the updated devices sold compared to the iPhone 7 and iPhone 7 Plus last year.

Apple's guidance for the fourth quarter of fiscal 2017 includes expected revenue of $49 to $52 billion and gross margin between 37.5 and 38 percent. In 4Q 2016, Apple posted revenue of $46.9 billion and gross margin of 38 percent.

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 November 2.

Article Link: Apple to Announce Q4 2017 Earnings on November 2

 

[jonnysods]

Good luck with those new iPhone sales apple!

 

[Tthomas612]

I think they’re not selling as badly as some people think. It was projected that Apple sold 5.5 Million 8 and 8 Plus on launch weekend... while I realize it’s based on analytics and also that 5.5 Million isn’t 13 Million ... the numbers still big.

In a lot of places the phones are sold out and the phone as sold as the weeks have went ... maybe more of a slow burn ...

 

[WolfSnap]

Seems late for their 4Q report. Normally they do it in the month after it closed -- so, it should be October. Maybe they're waiting for November to update re: the iPhone X pre-orders too? seems a bit strange to me...

 

[macsba]

Seems late for their 4Q report. Normally they do it in the month after it closed -- so, it should be October. Maybe they're waiting for November to update re: the iPhone X pre-orders too? seems a bit strange to me...

The iPhone X sales won't show up until the next 1Q 2018 report. Hard to back date the iPhone X sales for the previous quarter.

 

[masotime]

Damn.... the stock price is going to go up again. I really hope I’m wrong though.

 

[sublunar]

Wonder what that means for an October hardware event? Traditionally the iPads and Macs would get updated but it's horribly late for that since they got updated between March and June this year and Coffee Lake CPUs are coming Q4 17/Q1 18.

It would be a bit unlike Apple to create an October 31 event to launch the HomePod without something else on the cards, the iMac Pro would be too early unless they announce a pre-order date.

 

[Bart Kela]

Seems late for their 4Q report. Normally they do it in the month after it closed -- so, it should be October. Maybe they're waiting for November to update re: the iPhone X pre-orders too? seems a bit strange to me...

Pre-orders cannot be recognized as revenue. The product must ship within the reporting period.

 

[Carnegie]

Seems late for their 4Q report. Normally they do it in the month after it closed -- so, it should be October. Maybe they're waiting for November to update re: the iPhone X pre-orders too? seems a bit strange to me...

Apple typically reports results 31 days after the close of a quarter. Quarters close on Saturdays and are typically reported on the Tuesday of the fifth subsequent week. Because Apple's quarters are 13 (or 14) weeks rather than 3 months long, they don't usually end on the last day of a month. In most years they end before the last of a month, but sometimes (e.g. for the first 2 calendar quarters of this year) they end just after the end of a month. So in most years 31 days puts the reporting of a given quarter's results in the first month of the calendar quarter after the one that roughly corresponds to Apple's fiscal quarter, but sometimes it doesn't.

For examples, Apple's last 6 quarters:

FY 2016 Q3: Ended 6/25/16; Reported 7/26/16
FY 2016 Q4: Ended 9/24/16; Reported 10/25/16
FY 2017 Q1: Ended 12/31/16; Reported 1/31/17
FY 2017 Q2: Ended 4/1/17; Reported 5/2/17
FY 2017 Q3: Ended 7/1/17; Reported 8/1/17
FY 2017 Q4: Ended 9/30/17; To be reported 11/2/17

EDIT: I meant to add that this means that the reporting is only being delayed 2 days - from a Tuesday to a Thursday - from what would be typical.

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The iPhone X sales won't show up until the next 1Q 2018 report. Hard to back date the iPhone X sales for the previous quarter.

I didn't take WolfSnap as suggesting that Apple would include iPhone X sales in its Q4 2017 reporting. I took them as suggesting that Apple might want to be able to offer comments on how pre-orders for the iPhone X were going when it reported results for Q4 2017.

Perhaps they will clarify what they meant.

 

[luvbug]

Seems late for their 4Q report. Normally they do it in the month after it closed -- so, it should be October. Maybe they're waiting for November to update re: the iPhone X pre-orders too? seems a bit strange to me...

Yes, Q4 - end of the fiscal year. The final quarter is always reported a bit later, for most companies, since they also report results for the full year.

 

[goobot]

Good luck with those new iPhone sales apple!

They can include X pre-order numbers.

 

[Aluminum213]

Good luck with those new iPhone sales apple!

I’m praying for them

 

[UltimateSyn]

They can include X pre-order numbers.

Nope! As seen above, quarter ended 9/30.

 

[jonnysods]

They can include X pre-order numbers.

But those are 4 weeks after the end of quarter

 

[unregbaron]

Does Apple actually need investors? Isn’t it making enough money in its own right?

 

[JeffyTheQuik]

Damn.... the stock price is going to go up again. I really hope I’m wrong though.

Here’s the way it usually goes:
Stock run up...
Announcement
Stock loses 3 to 5%
Stock recovers to higher than pre-announcement
Dividend payout
Stock drops 1-2%
[doublepost=1507021521][/doublepost]

Does Apple actually need investors? Isn’t it making enough money in its own right?

They’re doing stock buy-backs, and they already have investors, so they have to make them happy. By “them,” I mean me.