Earlier today, we shared a handful of videos that gave perhaps the best look yet at the upcoming iPhone 7. Now, a new report from Macotakara reiterates a few features that the iPhone 7 could very well feature, including a capacitive Home button.
Just minutes ago, Apple released its official Q3 2016 earnings and as usual, the earnings release will be followed by a live conference call. Typically, Apple CEO Tim Cook and CFO Luca Maestri give a deeper look into the results, while questions will also be taken from analysts and investors.
In case you missed it, Apple reported $42.4 billion in revenue and $7.8 billion in operating profit. Contributing to those results were sales of 40.3 million iPhones, 9.9 million iPads, and 4.2 million Macs. As usual, Apple did not break out sales of the Apple Watch, which it says is for competitive reasons.
As usual, we’ll have live coverage of Apple’s earnings call in this post. The call will begin at 2PM ET/5PM PT. Tim Cook will likely speak first, followed by Maestri. The Q&A session will round out the call.
Apple has officially reported its Q3 2016 earnings results with $42.4 billion in revenue and $7.8 billion in profit from the April to June quarter.
Apple® today announced financial results for its fiscal 2016 third quarter ended June 25, 2016. The Company posted quarterly revenue of $42.4 billion and quarterly net income of $7.8 billion, or $1.42 per diluted share. These results compare to revenue of $49.6 billion and net income of $10.7 billion, or $1.85 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 39.7 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.
Here’s Apple’s breakdown of iPhone, iPad, and Mac sales from the quarter:
iPhone: 40.4 million units iPad: 9.9 million units Mac: 4.2 million units
Apple CEO Tim Cook:
“We are pleased to report third quarter results that reflect stronger customer demand and business performance than we anticipated at the start of the quarter,” said Tim Cook, Apple’s CEO. “We had a very successful launch of iPhone SE and we’re thrilled by customers’ and developers’ response to software and services we previewed at WWDC in June.”
And Apple CFO Luca Maestri:
“Our Services business grew 19 percent year-over-year and App Store revenue was the highest ever, as our installed base continued to grow and transacting customers hit an all-time record,” said Luca Maestri, Apple’s CFO. “We returned over $13 billion to investors through share repurchases and dividends, and we have now completed almost $177 billion of our $250 billion capital return program.”
Apple’s Q3 results compare to the prior quarter’s $50.6 billion in revenue, 51.1 million iPhone sales, 10.2 million iPad sales, and 4 million Mac sales. In the same quarter a year ago, Apple reported $49 billion in revenue, 47 million iPhones sold, 10.9 million iPads sold, and 4.7 million Macs sold. Apple reported $10.5 billion in profit in the prior quarter and $10.7 billion in profit in the year ago quarter. Apple’s revenue guidance for next quarter ranges from $45.5 billion to $47.5 billion.
Read on for Apple’s full Q3 earnings report, and stay tuned as we await Apple’s quarterly conference call at 2 p.m. PT/ 5 p.m. ET to discuss these results. Tim Cook and Luca Maestri are expected to deliver prepared commentary on the earnings results then field questions from analysts participating on the call.
Apple today has acquired the rights to the insanely popular Carpool Karaoke series that started out as a part of The Late Late Show with James Corden on CBS. While it’s unclear how much Apple has paid for the series, it will release new episodes of it via the Apple Music, reports THR.