Notes of interest from Apple's Q4 2016 conference call

Apple closed the book on its fiscal 2016 with a quarterly earnings conference call, marking the end of the first year where iPhone sales declined. However, Apple is bullish on its outlook, particularly with the newly released iPhone 7 series and a growing services business.

Neil Hughes 9 years ago 15

After first revenue decline in 15 years, Apple forecasts return to growth in holiday quarter

As expected, Apple on Tuesday posted its first year-over-year revenue decline in 15 years for the fourth fiscal quarter of 2016, but the company is guiding for a rosy forecast next quarter on strong anticipated iPhone sales.

Mikey Campbell 9 years ago 14

Apple earns $46.9B in revenue on sales of 45.5M iPhones, edging market expectations

Apple on Tuesday revealed the results of its fourth quarter of fiscal 2016, in which the company sold 45.5 million iPhones on its way to $9 billion in net income, coming in just slightly ahead of expectations on Wall Street.

Neil Hughes 9 years ago 41

Apple executives awarded stock bonus worth up to $25M

Apple last week meted out restricted stock unit awards to its executive team, with the likes of SVP of Internet Software and Services Eddy Cue, SVP of Worldwide Marketing Phil Schiller and others receiving up to 149,667 RSUs scheduled to vest through 2021.

Mikey Campbell 9 years ago 12

Apple's iPhone 7 predicted to spur 8% growth, 2017 redesign seen causing 16% sales spike

After the iPhone 6s series saw the first-ever year-over-year decline in iPhone sales, things are expected to be back on the rise for Apple leading into next year with the iPhone 7, and carrying into 2018 with an anticipated redesign, according to investment firm UBS.

Neil Hughes 9 years ago 16

End of Galaxy Note 7 predicted to help Apple, but 'big beneficiaries' could be other Android devices

While investment firm Wells Fargo Securities believes Apple and its newly released iPhone 7 Plus will benefit from the discontinuation of the dangerous Galaxy Note 7, it also believes that the greatest potential for gains could be non-Samsung Android handsets.

Neil Hughes 9 years ago 41

Appealing upsell of iPhone 7 Plus predicted to help Apple's average selling price exceed expectations

While most on Wall Street expect the average selling price of the iPhone will drop this holiday season, RBC Capital Markets believes the greater capabilities of the iPhone 7 Plus could have a counter effect, resulting in stronger-than-anticipated earnings per share for Apple.

Neil Hughes 9 years ago 18

Supply chain suggests Apple to see better-than-expected holiday season, analyst says

A positive earnings pre-announcement from Apple supplier Dialog Semiconductor on Wednesday leads RBC Capital Markets analyst Amit Daryanani to believe iPhone sales are set to outperform Wall Street expectations in the December quarter.

AppleInsider Staff 9 years ago 29

Apple executives net nearly $10M each in vested company stock

Six of Apple's top executives, including SVP of Internet Software and Services Eddy Cue and SVP of Worldwide Marketing Phil Schiller, each saw 87,578 restricted stock units worth nearly $10 million vest as part of an award granted in 2014.

Mikey Campbell 9 years ago 4

Apple reschedules fiscal Q4 2016 earnings call to Oct. 25

Apple on Monday moved its earnings call for the fourth quarter of 2016 up two days to Tuesday, Oct. 25, citing an unannounced scheduling conflict.

AppleInsider Staff 9 years ago 10

Apple to reveal fiscal Q4 2016 earnings on Oct. 27

Apple on Monday announced it will report quarterly earnings for the fourth fiscal quarter of 2016 on Oct. 27, to be followed by a live-streamed conference call on Apple's investor website.

Mikey Campbell 9 years ago 9

Apple exec Eddy Cue nets $59M in vested company stock

Fulfilling a contract award granted in 2011, Apple SVP of Internet Software and Services Eddy Cue saw 525,000 restricted stock units currently worth $59.2 million vest this week.

AppleInsider Staff 9 years ago 22

Shares of AAPL surge as hype builds for Friday's iPhone 7, Apple Watch Series 2 launches

Shares of Apple have climbed significantly this week, as investors buy into consumer excitement ahead of the iPhone 7 debut this Friday, hoping the next-generation model will set new records.

Neil Hughes 9 years ago 36

Feds, lobbyists draw battle lines over Apple's EU $14.5B tax bill

Most U.S. officials are lining up to fight the $14.5 billion E.U. tax edict with support from assorted talking heads, but the battle appears to be more about which taxation agency the money belongs to, rather than actual support for Apple.

Mike Wuerthele 9 years ago 21

Tim Cook sells off another $29M in Apple stock

One week after receiving a windfall of restricted stock units — and cashing in a chunk for a $35.8 million payday — Apple CEO Tim Cook on Monday sold another batch of his sizable stock cache worth nearly $29 million.

Mikey Campbell 9 years ago 25

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