Apple to reveal iPhone 6s sales in fiscal Q1 2016 earnings call on Jan. 26Apple will reveal its quarterly financial results for the first fiscal quarter of 2016 on Jan. 26, the company said on Monday, an important three-month period that accounts for new iPhone performance and holiday sales.
Apple announced the upcoming event through its Investor Relations webpage, saying results disclosures will be followed by the usual conference call normally attended by CEO Tim Cook and CFO Luca Maestri.
Investors are anxious to hear word on whether iPhone 6s and 6s Plus can replicate the success of last cycle's iPhone 6 and 6 Plus, the latter being the first iPhone to be classified as a phablet device. Apple notched a monster quarter in the three months ending in December 2014, selling 74.5 million iPhones to rake in $18 billion in profit on $74.6 billion in revenue.
During Apple's most recent quarterly conference call in October, the company projected revenue between $75.5 billion and $77.5 billion for the first quarter of 2016, with gross margins set at between 39 and 40 percent. Investment analysts, however, are casting doubt on Apple's ability to maintain explosive growth set by iPhone 6, subsequently cutting estimates for the coming year.
Apple's quarterly conference call for the first fiscal quarter of 2016 is scheduled for Tuesday, Jan. 26 at 2 p.m. Pacific/5 p.m. Eastern. AppleInsider will be covering the event live.
On Topic: Investor
- Investor George Soros latest to snap up Apple stock as prices reach trough
- Warren Buffett's Berkshire Hathaway buys $1B of Apple stock
- Appaloosa unloads all Apple shares as other hedge funds trim position
- Alphabet again briefly overtakes Apple as America's most valuable company
- Apple Inc. shares reach ex-dividend as it gears up to distribute $2.9 billion to shareholders