As it normally does before earnings calls, Apple noted on its investor news webpage this evening that it will hold its fourth quarter earnings call on October 27th. The call will be held at the standard time of 2PM PT/5PM ET, with the earnings release itself being sent out roughly thirty minutes before then.
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This earnings call will be an important one for Apple and investors alike as it will provide the first look yet at early sales of the iPhone 7 and iPhone 7 Plus. While Apple generally offers first weekend numbers, the company said this year that it wouldn’t due to the supply contrasts surrounding the new devices. Many analysts, including KGI, expect that Apple will report slower iPhone 7 sales than it did iPhone 6s sales at this time last year, despite increased popularity of the iPhone 7 Plus and the Jet Black color.
Last quarter, Apple reported revenue of $42.4 billion on sales of 40.4 million iPhones, 9.9 million iPads, and 4.2 million Macs. Below is the guidance Apple provided for its 2016 fiscal fourth quarter:
- revenue between $45.5 billion and $47.5 billion
- gross margin between 37.5 percent and 38 percent
- operating expenses between $6.05 billion and $6.15 billion
- other income/(expense) of $350 million
- tax rate of 25.5 percent
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.