Apple today updated its investor relations page to announce that it will share its earnings results for the fourth fiscal quarter (third calendar quarter) of 2020 on Thursday, October 29.
/article-new/2020/10/appleearnings4q2020.jpg?lossy)
Fourth quarter earnings calls typically provide some insight into the early sales of new iPhones, but since this year's iPhones have been delayed until October, initial iPhone sales data will not factor into fourth quarter revenue.
Apple will perhaps provide detail on sales of the Apple Watch Series 6 and the new Apple Watch SE, which did launch during the September quarter.
Apple declined to provide guidance for the fourth quarter of 2020 during its third quarter earnings call due to the ongoing global health crisis, which continues to affect Apple's product launch timelines and sales.
Apple in the third quarter brought in $59.7 billion in revenue, marking a record June quarter bolstered by products and services growth and a surge in Mac and iPhone sales due to people working and learning from home.
The quarterly earnings statement will be released at 1:30 PM Pacific/4:30 PM Eastern, with a conference call to discuss the report taking place at 2:00 PM Pacific/5:00 PM Eastern. MacRumors will provide coverage of both the earnings release and conference call on October 29.
Top Rated Comments
(View all)
Yes you did. I think it will mostly prove that the people who ask questions on these calls are going to ask dumb questions that they already know beforehand won't be addressed. It's a waste of everyone's time, but maybe your card will make it entertaining at least.I made an Apple card.
Typical Q4 earnings have ~2 weeks of new iPhone sales, hardly a huge needle mover. The watch and iPad is out, so it’s going to be fine. Plus, investors know the phone is coming.Current quarter iPhone revenue may be less than spectacular since they aren't shipping the new handset. Likely supply will be constrained as their manufacturing partners ramp up production (like other years).
Right now, there are some rumors of an Apple announcement on Tuesday the 13rd. If they do announce the iPhone and follow their recent pattern, they will accept pre-orders on Friday the 16th and ship product a week later, Friday the 23rd. That would mean four weeks fewer shipments in the current quarter. I don't see how Apple can make that up given the typical supply constraints early on.
A more likely scenario would be higher Q1 calendar 2021 (Q2FY2021) because Apple would be shipping the entire 13 weeks.
Apple does not announce new product during earnings announcements.
Based on CFO Luca Maestri's comments during the last analyst call, it seems likely that Apple will announce their new iPhones before the earnings results.