Apple Moves Q4 2016 Earnings Call to October 25 Due to Scheduling Conflict

Apple today updated its investor relations page to note that the company's earnings report for the fourth fiscal quarter (third calendar quarter) of 2016 has been moved to Tuesday, October 25 due to a scheduling conflict.

As announced last week, Apple originally had scheduled the call for Thursday, October 27. It is not clear what conflict has arisen that is causing the meeting to be moved to a new date.

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Apple's 4Q 2016 earnings report will provide a look at initial iPhone 7 and iPhone 7 Plus sales, giving us our first hint at how well the two devices have sold compared to the iPhone 6s and the iPhone 6s Plus.

Apple's guidance for the fourth quarter of fiscal 2016 includes expected revenue of $45.5 to $47.5 billion and gross margin between 37.5 and 38 percent, well below the revenue of $51.5 billion it saw in 4Q 2015.

Apple will release its quarterly earnings statement at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time), with a conference call to follow at 2:00 p.m. Pacific Time (5:00 pm. Eastern Time). MacRumors will provide live coverage of the results and the call.



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32 months ago
I hope it's because of the announcement of new Macs.
Rating: 30 Votes
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32 months ago
We all know that it will be due to the new watch band event end of oct, right?
Rating: 24 Votes
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32 months ago
Good god comments here get worse by the day. As bad as the bile you see on Yahoo and other places that allow article comments.
Rating: 11 Votes
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32 months ago
The conflict was the pre-existing town hall meeting to announce 100 new emojis.
Rating: 10 Votes
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32 months ago

I hope it's because of the announcement of new Macs.

You and the rest of the world.
Rating: 9 Votes
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32 months ago

No doubt they'll find a way to spin those numbers to make them sound positive.

Pretty much all products seem to be in decline except online services (see previous article about Apple Watch) and revenues and profit are dropping accordingly. Yet Apple stubbornly keeps its margins as high as ever. They won't reduce them even temporarily because that would produce an expectation to keep them at a lower rate. At a certain point though you have to wonder, are they happy to see volumes and revenue decline further? I think they'll be paying close attention to market share yet there's already evidence to suggest gains there have slowed or halted too and may even be going backwards in some categories.

They'll need a knockout Mac refresh to bring some life and excitement back to the Apple ecosystem. And I think Tim and the rest of the board should be on notice.

Expect the typical corporate non-speak and self-promotion at such events anyway.


"No doubt they'll find a way to spin those numbers to make them sound positive."

Funny. I mean a company making $8 billion in 12 weeks is pathetic, right?

Apple are Doomed ™
Rating: 7 Votes
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32 months ago

Macs aren't going to save Apple's Dismal fourth quarter.

Let's not forget that this is about the shareholders. Apple will be fin.


Dismal? Hahahahahahahahahahaha. Profits may not break their own unbelievable records, but that hardly makes their insane profits dismal. You need a reality check!
Rating: 5 Votes
Avatar
32 months ago
No doubt they'll find a way to spin those numbers to make them sound positive.

Pretty much all products seem to be in decline except online services (see previous article about Apple Watch) and revenues and profit are dropping accordingly. Yet Apple stubbornly keeps its margins as high as ever. They won't reduce them even temporarily because that would produce an expectation to keep them at a lower rate. At a certain point though you have to wonder, are they happy to see volumes and revenue decline further? I think they'll be paying close attention to market share yet there's already evidence to suggest gains there have slowed or halted too and may even be going backwards in some categories.

They'll need a knockout Mac refresh to bring some life and excitement back to the Apple ecosystem. And I think Tim and the rest of the board should be on notice.

Expect the typical corporate non-speak and self-promotion at such events anyway.
Rating: 4 Votes
Avatar
32 months ago

Conflict is to allow for more sales. Therefore a direct comparison won't be made against previous years to hide the poor sales of the iPhone 7.

Or possibly for more emojis as noted above.
[doublepost=1475530166][/doublepost]Also because it takes COURAGE to acknowledge a conflict in your schedule.


What??
How would moving it from the 27th to the 25th allow MORE sales??
Rating: 3 Votes
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32 months ago
I could see it going two ways...

1. Moved it because they want to drop some updates after the call where they will again point out all the "great innovations in the pipeline" so that becomes a little less of a punch line. Since this time there will actually be "innovation" coming out of that pipeline...

2. The high exec team didn't want to dampen the mood that day because they are going to the Kanye West tour stop at The Forum (in Inglewood, CA). They'll have a lot of tough questions to answer possibly and that might get in the way of a good time with Kanye later.
Rating: 3 Votes
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