Apple today updated its investor relations page to announce that it will share its earnings for the first fiscal quarter of 2017 (fourth calendar quarter) on Tuesday, January 31.
The earnings report will take a look at iPhone 7 and iPhone 7 sales throughout the holiday quarter, as well as sales of the new MacBook Pro that was introduced in October.
For the fourth quarter of 2016, Apple posted revenue of $46.9 billion and net quarterly profit of $9 billion, or $1.67 per diluted share. That was down from $51.5 billion and net quarterly profit of $11.1 billion, or $1.96 per diluted share in the year-ago quarter.
Apple's guidance for the first quarter of fiscal 2017 includes expected revenue of $76 to $78 billion and gross margin between 38 and 38.5 percent. Based on Apple's estimates, Q1 2017 will mark Apple's return to growth following its first annual revenue decline since 2001.
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.
Top Rated Comments
AppleWatch had promise but TC was hypnotized by Ive's insistence it could be the next Cartier for the Rich And Famous and Fashionista crowd by covering it in gold and doing nothing more. This even as it was clear the real market was fitness -- not just faux step counting, but actual sports data monitoring and collection. It took Apple how long to incorporate GPS into the watch? Meanwhile Garmin just announced some fantastic new Fenix models that surpass AW's sports functions (they alway did) but also look like real watches, not an oversized piece of Chiclet gum.
Seriously -- TC's signature mark on Apple thus far is paying a lot of money for a headphone company and its top executives and then still not being able to negotiate a TV streaming deal for AppleTV -- the most expensive non-4K streamer on the market today and with limited Siri commands.
So please, stop telling us how great Apple is under TC's tutelage until he starts actually releasing amazing, interesting products en masse from this so called vast product pipeline, not one ever 6 years.
"We love the macs"
"Our pipeline is chockablock with Magical stuff"
"We had the Courage to can them"