Apple Forecasts Third Consecutive Revenue Decline Next Quarter

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: earnings, AAPL


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25 months ago
Unsurprising. A company stagnates on ancient technology and their revenue decreases.

Who could have seen that coming??? Everyone but Apple :cool:
Rating: 8 Votes
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25 months ago
Perhaps they should update their computers. Macs are not an insignificant part or their business.
Rating: 7 Votes
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25 months ago
Apple has incredible pipeline of bull excrement. You're going to love them.
Rating: 5 Votes
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25 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?
Rating: 4 Votes
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25 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.
Rating: 4 Votes
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25 months ago
Better get those new Skylake MacBook Pro's out NOW Apple!
Rating: 4 Votes
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25 months ago
Looking forward to the we got great things on the pipeline for the end of this year line
Rating: 3 Votes
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25 months ago
I'm convinced Apple's senior management is shorting their stock
Rating: 2 Votes
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25 months ago

Perhaps they should update their computers. Macs are not an insignificant part or their business.


10-12%ish which on the pie chart no longer looks very significant. And, I'm not sure there the current leadership at Apple is capable of thinking about the big picture anymore. No doubt, there will be some more updates. But, I'm certainly concerned about Apple's future direction regarding the Mac line.

I think we need to just face it that we're not Apple's target market any longer. They used to be a computing company who held user-experience as job #1. Now, they are a higher-end consumer electronics company with a focus on fashion who holds profit-margins as job #1.

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?


See my paragraph above. So long as they create reasonably good products and can keep their profit margins high, they'll do OK as a company. But, as they keep losing their focus on user-experience, they'll eventually lose their brand reputation and user-base. It's not going to happen over-night, but we're talking trends and long-term here. (BTW, I've been an Apple evangelist for around 30 years now, and *would* have been telling you to buy AAPL in the mid-90s, if that tells you anything. I'm *MUCH* more worried about them now than I was back then. Take that for what it's worth.)
Rating: 2 Votes
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25 months ago
So they are not even expecting September announcements to prop up the company.
Rating: 1 Votes
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