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Apple Forecasts Third Consecutive Revenue Decline Next Quarter

Tuesday July 26, 2016 1:40 PM PDT by Joe Rossignol

Apple-down Apple 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

Top Rated Comments

flyinmac

104 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)

TallGuyGT

104 months ago

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

Score: 7 Votes (Like | Disagree)

Crosscreek

104 months ago

Apple has incredible pipeline of bull excrement. You're going to love them.

Score: 5 Votes (Like | Disagree)

44267547

104 months ago

Better get those new Skylake MacBook Pro's out NOW Apple!

Score: 4 Votes (Like | Disagree)

jdillings

104 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)

EricTheHalfBee

104 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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