June 27, 2016

Apple has announced today that it will hold its fiscal third quarter earnings call on Tuesday, July 26th at the usual time of 2PM PT/5PM ET, while the earnings release will be sent out roughly thirty minutes before then.

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Last quarter, Apple saw its first ever decline in iPhone sales, while it also suffered a year-over-year decline in revenue. The company did, however, report strong numbers from its services sector, while Tim Cook called Wall Street’s response to the company’s earnings an overreaction.

Cook said that while Apple didn’t meet Wall Street expectations, the company still reported higher profit than “any other company” and attributed the lackluster numbers to a slower upgrade rate this year versus the abnormally high rate last year.

Apple’s guidance for third quarter earnings indicated expected revenue of $41 billion to $43 billion. Last quarter, Apple reported $50.6 billion in revenue with 51.1 million iPhones sold, 10.2 million iPads, and 4 million Macs.

The live broadcast of the call will be available on Apple’s website and of course we will have live coverage, as well. The call will feature questions from the press and investors for Apple executives.

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