Apple Moves Q2 2016 Earnings Announcement to April 26

Apple today updated its investor relations page to note the earnings announcement for the second fiscal quarter (first calendar quarter) of 2016 will take place on Tuesday, April 26 instead of Monday, April 25 as was previously announced last month.

It is not clear why Apple has moved the date of the earnings call by a single day, but it will now take place next Tuesday instead of next Monday.

earningscallq22016

The earnings release will provide a look at sales of the iPhone 6s, 6s Plus, and SE following Apple's record first quarter, which saw the company announce 74.8 million iPhone sales and $18.4 billion profit on $75.9 billion in revenue.

Apple has warned that iPhone sales will decline in the March quarter and has provided Q2 2016 guidance of $50 to $53 billion in revenue and gross margin between 39 and 39.5 percent. Should Apple only take in $50 to $53 billion, the company will see its first year-over-year revenue drop in 13 years.

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 April 26.

Update: According to Apple, the earnings call is delayed because of a memorial service for Bill Campbell, who passed away earlier this week.

Top Rated Comments

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GeneralChang

46 months ago

How much does Apple spend per year? Does a decline in revenue like that actually matter for Apple? They seems to already have more money than they know what to do with.

Apple has enough money in their cash reserves to buy all ten aircraft carriers currently operating in the US navy (assuming aircraft carriers were for sale) with enough left over to build a Saturn V rocket and launch a mission to the moon. I wouldn't know what to do with that much money either.

You know, besides trying to buy a fleet of aircraft carriers and land some employees on the moon. Do we know if Tim Cook has a suggestion box somewhere?

Rating: 10 Votes

Rogifan

46 months ago

So a story about Apple moving earnings call by one day will now turn into an apple is doomed thread because... Sigh.

Rating: 7 Votes

henryaaron

46 months ago

I don't like the new "corporate" Apple, with all their profit-oriented ideas and pushing products and customers to the back seat. I liked the anti-corporation style Steve Jobs had.

And I don't think Tim Cook was right for CEO.

Disclaimer: This is not a typical Apple is doomed, Steve Jobs was everything type comment. I'll reason with anybody about why this is fact-based.

Rating: 4 Votes

yaxomoxay

46 months ago

" Should Apple only take in $50 to $53 billion"

Gosh, how I wish I could complain like that reading my checking account...

Rating: 4 Votes

AxoNeuron

46 months ago

If anyone deserves a revenue drop, it's definitely Apple. The fact that they are selling 16GB devices in the year 2016 is preposterous. It was fine in 2011, but seriously, it's been five years now.

Rating: 4 Votes

apolloa

46 months ago

I like how this story has got it right and only mentions the iPhone as that's all Apple makes these days.....

Rating: 4 Votes

nt5672

46 months ago

. . .
Then you have a narrow idea of what Technology is.
. . . .

Not my best choice of words, but since this is an Apple technology website, I meant that all of Apple's current technologies are or are becoming commodities. That is iPhone, Macs, iPads, etc. The risk Apple runs is that the next big thing might be elusive and therefore they need to take care of their commodity business, not continue to try to treat their commodity products like innovations. This is a real problem that innovators have and that Apple has right now. I am not saying or thinking that there are no more innovations. Thats crazy.
[doublepost=1461242905][/doublepost]

As I wrote, struggle for power - he vs. cook and ive..

For better or worse, Ive & Jobs were a good team, get along or not. Ive & Cook don't seem to have the same magic and I'm guessing that it's because Cook lets Ive get away with too much based on previous successes of the Jobs & Ive team.

Rating: 2 Votes

C DM

46 months ago

It's questionable what Apple would be making these days if the iPhone didn't exist. Apple wouldn't be swimming in cash, that's for sure.
[doublepost=1461214819][/doublepost]

Tim Cook was the best option at the time, but five years later is he still the best option?

Seems Apple is doing better and better, as are the shareholders, and more and more people are using Apple products and the satisfaction seems quite high as well. So...there it is.

Rating: 2 Votes

CarlJ

46 months ago

Apple today updated its Investor relations page to note the earnings announcement for the second fiscal quarter of 2016 will take place on Tuesday, April 26 instead of Monday, April 25

As was foretold in the prophesies, by Nostradamus.

Rating: 2 Votes

cdmoore74

46 months ago

If anyone deserves a revenue drop, it's definitely Apple. The fact that they are selling 16GB devices in the year 2016 is preposterous. It was fine in 2011, but seriously, it's been five years now.

The sad part is that Apple will give us 32GB this year but will up the starting price. Look at the iPad Pro 9.7" pricing. Wait and see.

Rating: 2 Votes

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