Apple's Beats brand in April unveiled the Powerbeats Pro, a redesigned wire-free version of its popular fitness-oriented Powerbeats earbuds.
Apple Expected to Report Second-Best June Quarter Ever Today as Investors Look Ahead to iPhone 8
Apple is set to report its earnings results for the third quarter of its 2017 fiscal year at 1:30 p.m. Pacific Time today.
Apple provided the following guidance for its third quarter on May 2:
• revenue between $43.5 billion and $45.5 billion
• gross margin between 37.5 percent and 38.5 percent
• operating expenses between $6.6 billion and $6.7 billion
• other income/expense of $450 million
• tax rate of 25.5 percent
Apple's Fiscal Third Quarter
• 2013: $35.3 billion
• 2014: $37.4 billion
• 2015: $49.6 billion
• 2016: $42.3 billion
• 2017: $43.5+ billion
Apple is forecasted to have sold 40.7 million iPhones, 9 million iPads, and 4.3 million Macs, according to average estimates shared by Wells Fargo, compared to 40.4 million, 9.95 million, and 4.25 million respectively in the year-ago quarter.
MacRumors.com compiled third quarter estimates from several financial institutions and analysts tracking Apple and the company's stock. The figures are listed below, ranked from highest to lowest in quarterly revenue.
All signs point to Apple reporting an above-average and generally unsurprising June quarter. The most interesting takeaway will be Apple's fourth quarter guidance and any clues that provides about the so-called iPhone 8.
In addition to iPhone sales, investors will be looking for continued growth of Apple's services category, which includes the likes of the App Store, iTunes Store, Apple Music, Apple Pay, AppleCare, and licensing fees.
Apple CEO Tim Cook and CFO Luca Maestri will discuss the company's financial results on a conference call at 2:00 p.m. Pacific Time. MacRumors.com will transcribe the call as it unfolds for those unable to listen.
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Top Rated Comments
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27 months ago
But MacRumors readers were positive that Apple was dying with the lackluster release of the new MBP, the lack of a new Mac Pro, the failure to update the Air, and the boring release of the iPhone 7 with many waiting for the 8. :rolleyes:
And again my stock continues to climb.
And again my stock continues to climb.
27 months ago
That’s impossible everyone in the comment sections of tech sites keep saying Apple is in danger and no one wants their devices
Apple is not like Samsung. Samsung makes everything from warships to washing machines. If Apple ever failed in making a selling iPhone, their stock would sink like a ship hit by a torpedo. Apple is iPhone.
27 months ago
That’s impossible everyone in the comment sections of tech sites keep saying Apple is in danger and no one wants their devices
27 months ago
But MacRumors readers were positive that Apple was dying with the lackluster release of the new MBP, the lack of a new Mac Pro, the failure to update the Air, and the boring release of the iPhone 7 with many waiting for the 8. :rolleyes:
And again my stock continues to climb.
Take away the iPhone and your stock TANKS! Apple IS currently a ONE HIT WONDER. Every other category is small, and flat or decreasing. So, you are correct...lackluster new MBP, lack of Mac Pro, etc., keeps those categories either flat or sinking.
27 months ago
Apple makes most profit on iPhones compared to their other products. thats a lot of the business depending on a single product.
Given all new redesign and bezel less OLED display this year, iPhone 8 Gonna break all previous record sales.
Perhaps. I don't care about a redesign. I just wanted OLED but it appears we're getting it with conditions such as no touch ID. Guess we just have to wait and see what compromise Apple has in store for us.
27 months ago
Take away the iPhone and your stock TANKS! Apple IS currently a ONE HIT WONDER. Every other category is small, and flat or decreasing. So, you are correct...lackluster new MBP, lack of Mac Pro, etc., keeps those categories either flat or sinking.
Other one-hit wonders:Google -- take away advertising
Coke -- take away coke
Facebook -- take away FB
...etc. Pure nonsense, in other words.
Additionally, you're flat out wrong -- Apple's iPad revenue are larger than most other entire companies. Their services likewise. Etc..
But beyond this ignorance, it doesn't matter here in the land of reality because you can't take away the iPhone, it exists.
27 months ago
iPhone dependance runs into crazy proportions. That's so risky.
Whereas the man who said the PostPC-era had started - and assumed iPad would take over - appeared not to understand (how to drive) the market.
Whereas the man who said the PostPC-era had started - and assumed iPad would take over - appeared not to understand (how to drive) the market.
27 months ago
That chart looks pretty flat since the start of FY 15. The only thing sustaining the limited revenue growth during that time is the increase in average selling price of the iPhone as more people get either the plus model or opt for larger storage. However, Apple will eventually run up against a ceiling where people won't keep piling on the options and will face increased competition from other vendors.
Apple's outstanding growth has been in the perfection of markets for broad consumer adoption. It started in 2001 with the iPod, really hits its stride with the iPhone in 2007 which managed seven years of continuous market growth until the iPhone 6 in 2014, and was helped by the iPad in 2010 which had a few years of exponential growth before plateauing.
Apple's problem now is the unit sales of their main products have been stagnant for three years and they don't have a revolutionary product on the horizon. This year's iPhone needs to have 20% or better unit sales growth to keep Apple as a leading tech company. If sales remain flat they will certainly continue to be successful but will face a transition to a commodity provider as opposed to the market leader they have been over the last 16 years.
Apple's outstanding growth has been in the perfection of markets for broad consumer adoption. It started in 2001 with the iPod, really hits its stride with the iPhone in 2007 which managed seven years of continuous market growth until the iPhone 6 in 2014, and was helped by the iPad in 2010 which had a few years of exponential growth before plateauing.
Apple's problem now is the unit sales of their main products have been stagnant for three years and they don't have a revolutionary product on the horizon. This year's iPhone needs to have 20% or better unit sales growth to keep Apple as a leading tech company. If sales remain flat they will certainly continue to be successful but will face a transition to a commodity provider as opposed to the market leader they have been over the last 16 years.
27 months ago
But MacRumors readers were positive that Apple was dying with the lackluster release of the new MBP, the lack of a new Mac Pro, the failure to update the Air, and the boring release of the iPhone 7 with many waiting for the 8. :rolleyes:
And again my stock continues to climb.
We are proud of you and all the people that own apple stock. We will continue to support you in every purchase we can!
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