Apple to Announce Q4 2020 Earnings on October 29

by

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.

appleearnings4q2020
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.

Tags: earnings, AAPL

Top Rated Comments

4jasontv Avatar
4jasontv
11 months ago
I made an Apple card.

Attachment Image
Score: 6 Votes (Like | Disagree)
newyorksole Avatar
newyorksole
11 months ago
Remember when Apple used to say how many iPhones they sold? And how many preorders they did? Those were good times Lol. I liked hearing those numbers.
Score: 4 Votes (Like | Disagree)
iFan Avatar
iFan
11 months ago
The most interesting aspect will be if Apple returns to announcing guidance. Calendar Q4 is going to be a blow-out with iPhone launch moved from Q3 + pandemic increase in sales for iPads and Macs.
Score: 3 Votes (Like | Disagree)
SuperCachetes Avatar
SuperCachetes
11 months ago


I made an Apple card.
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.
Score: 2 Votes (Like | Disagree)
TheYayAreaLiving Avatar
TheYayAreaLiving
11 months ago
What about Event Announcement for iPhone 12?
Score: 2 Votes (Like | Disagree)
Baymowe335 Avatar
Baymowe335
11 months ago

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.
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.
Score: 1 Votes (Like | Disagree)
Read All Comments

Top Stories

Apple Watch 7

Apple's Wearables Category Sets Quarterly Revenue Record of $7.8 Billion in Q2 2021

Wednesday April 28, 2021 2:26 pm PDT by
Apple's Wearables, Home, and Accessories category reached record revenue numbers in the second fiscal quarter of 2021 (first calendar quarter), hitting $7.8 billion, up from the $6.3 billion it earned in the year-ago quarter. Wearables, Home, and Accessories growth revenue was up a total of 25 percent combined. Apple CEO Tim Cook said that wearables growth was up thanks to strong sales of...
Read Full Article • 7 comments
galaxy s21 iphone 12 pro max front feature2

TrendForce: Apple Overtook Samsung to Become World's Largest Smartphone Maker in Fourth Quarter

Tuesday March 9, 2021 4:17 am PST by
Apple produced 77.6 million iPhones units in the fourth quarter of 2020, 69.8 million of which were iPhone 12 models, helping the company overtake Samsung to become the top global smartphone brand, according to TrendForce. The analysts' latest report says Apple sold 10 million more phones than its biggest rival over the quarter, with Samsung selling 67 million phones, a quarter-on-quarter...
Read Full Article • 35 comments
mac mini macbook pro macbook air

Apple's Mac and iPad Sales Continue to Soar in Q1 2021

Wednesday January 27, 2021 2:01 pm PST by
As people continue to work and learn from their homes, Apple's Mac and iPad sales during the holiday quarter have seen ongoing growth, with Apple reaching a new all-time quarterly revenue record for the Mac category thanks to 21 percent year-over-year growth. During the first fiscal quarter of 2021 (fourth calendar quarter of 2020), Apple's Mac category brought in $8.7 billion, up from $7.2...
Read Full Article • 21 comments
appleservices

Apple Services Revenue Hits All-Time Record High of $16.9 Billion in Q2 2021

Wednesday April 28, 2021 2:28 pm PDT by
Apple's services category, which includes the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple News+, Apple Fitness, and more, saw record growth during the second fiscal quarter of 2021 (first calendar quarter). According to Apple's earnings report, the services segment brought in $16.9 billion, up 27 percent from the $13.4 billion in revenue...
Read Full Article • 29 comments
apple q1 2021 earnings

Apple to Announce Q1 2021 Earnings on January 27

Tuesday January 5, 2021 3:17 pm PST by
Apple today updated its investor relations page to announce that earnings for the first fiscal quarter of 2021 (fourth calendar quarter) will be shared on Wednesday, January 27. The first quarter earnings call will likely provide some insight into the sales of the iPhone 12 models, which were released in October, along with the M1 Macs that came out in November. Because the new iPhones were...
Read Full Article • 16 comments
AppleEventLogoFeature

Apple's Stock Closed at All-Time High Today Ahead of Earnings Results Next Week

Friday January 22, 2021 2:15 pm PST by
Apple's stock price closed at an all-time high of $139.07 today after reaching a new intraday record of $139.85 moments earlier. The gains come just five days before Apple is set to report its earnings results for the first quarter of the 2021 fiscal year. Many analysts forecast that Apple's quarterly revenue will exceed the $100 billion mark for the first time thanks to strong iPhone 12...
Read Full Article • 115 comments
apple watch 6s 202009

Apple's Wearables Shipments Increasing, but Losing Market Share to Smaller Competitors

Thursday May 27, 2021 7:41 am PDT by
Apple's shipments of wearables continued to grow year-on-year in the first quarter of 2021, but the company lost overall market share to smaller rivals, according to newly-published IDC data. Companies shipped a total of 104.6 million units in the first quarter of this year, marking a 34.4 percent increase from the 77.8 million units shipped at the same time last year. This is also the first ...
Read Full Article • 126 comments
iphone 12 pro max

iPhone Shipments to Gulf Countries Saw Double-Digit Growth in Q4 2020

Monday March 29, 2021 3:14 am PDT by
In the fourth quarter of 2020, Apple saw its iPhone shipments in Gulf countries increase by 55% compared to the quarter prior, thanks to the launch of the 5G enabled iPhone 12 and last year's iPhone 11 lineup, according to market research by IDC. In total, the region saw smartphone shipments grow by 2.3% in the last quarter of the year compared to Q3, to a total of 2.26 million units....
Read Full Article • 19 comments
16 inch macbook pro m2 render

Redesigned MacBook Pro Models May Not Ship to Customers Until Late 2021

Friday June 4, 2021 3:45 am PDT by
The long-rumored and highly anticipated redesigned 16-inch MacBook Pro with Apple silicon will enter its phase of mass production in the first quarter of next year, according to industry sources cited in a paywalled DigiTimes report. According to the report, the smaller 14-inch MacBook Pro will enter "volume production" in the fourth quarter of this year, while the larger 16-inch model is...
Read Full Article • 141 comments
mac mini macbook pro macbook air

Apple's Mac Revenue Up 70% in Q2 2021, iPad Revenue Up Almost 79%

Wednesday April 28, 2021 1:50 pm PDT by
As people continue to work and learn from home, Macs and iPads are selling in record numbers, according to Apple's latest earnings report for the second fiscal quarter of 2021 (first calendar quarter). Apple's Mac category brought in $9.1 billion in revenue, up from $5.4 billion in the year-ago quarter. As for iPads, Apple saw iPad revenue of $7.8 billion, up from $4.4 billion in the...
Read Full Article • 97 comments