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Apple Forecasts Third Consecutive Revenue Decline Next Quarter

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Apple-downApple today reported a negative-growth June quarter in iPhone sales and revenue, and its guidance for the fourth quarter of the 2016 fiscal year suggests that the downward trend is likely to continue through summer.

Apple expects fourth quarter revenue of between $45.5 billion and $47.5 billion, which would be up to 12 percent lower than the $51.5 billion in revenue it posted in the year-ago July-September quarter.

In the fourth quarter, the company also expects a gross margin between 37.5 percent and 38 percent, operating expenses between $6.05 billion and $6.15 billion, other income/expenses of $350 million, and a tax rate of 25.5 percent.

Tags: AAPL, Earnings

Top Rated Comments

flyinmac Avatar
flyinmac
126 months ago
Unsurprising. A company stagnates on ancient technology and their revenue decreases.

Who could have seen that coming??? Everyone but Apple :cool:
Score: 8 Votes (Like | Disagree)
5
5097842
126 months ago
Perhaps they should update their computers. Macs are not an insignificant part or their business.
Score: 7 Votes (Like | Disagree)
Crosscreek Avatar
Crosscreek
126 months ago
Apple has incredible pipeline of bull excrement. You're going to love them.
Score: 5 Votes (Like | Disagree)
4
44267547
126 months ago
Better get those new Skylake MacBook Pro's out NOW Apple!
Score: 4 Votes (Like | Disagree)
J
jdillings
126 months ago
No surprise...it's going to get even worse when the iPhone 7 flops badly. This is the weakest lineup Apple has had in a long time. The lineup consists solely of uninspired product updates or products with no updates for a long time.
Score: 4 Votes (Like | Disagree)
E
EricTheHalfBee
126 months ago
No surprise...it's going to get even worse when the iPhone 7 flops badly. This is the weakest lineup Apple has had in a long time. The lineup consists solely of uninspired product updates or products with no updates for a long time.
Thanks for your prediction. I'm going to go and sell all my Apple stock immediately based on the knowledge the iPhone 7 will flop. You saved me so much money. Where should I send you a cut for your advice?
Score: 4 Votes (Like | Disagree)
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