AppleInsider Staff
Apple 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.
Amber Neely
Andrew Orr
William Gallagher
Christine McKee
Chip Loder
38 Comments
I expect close to 20 billion in profit this quarter, but Q1 2017 will probably be flat or show a modest decline.
The inexorable rise of the US Dollar is going to hurt Apple most in 2016.
Assume Apple beat earning again at $78B, WS will concern about next quarter growth and stock will drop more. This never ends!
Jan. 25 2016
Analyst predicts Apple sold 100 Million iPhones
Locked and loaded, people!
Absolutely BADASS!!
Somebody wake up Hicks!