Apple is due to announce its fiscal Q4 (calendar Q3) earnings today at 2pm PT/5pm ET, and the news isn’t expected to be good.
The company’s own guidance calls for a third consecutive quarter of year-on-year declining revenue. That would mean total revenue for its 2016 fiscal year of around $215B, 8% down on the previous year – making it the company’s first year-on-year decline since 2001 …
Re/code reports that the analyst consensus expectation is for quarterly revenue of $47B based on around 45M iPhone sales, 5M Macs and 8.5-9M iPads. This is toward the high end of Apple’s own guidance of $45.5-47.5B.
The forecast follows yesterday’s report showing that analysts were expecting Mac sales to have fallen more than 10% from the previous year.
The expected numbers are likely to be the reason Apple rescheduled the earnings call: getting the bad news out of the way first in the hope that they will be quickly overshadowed by the excitement of all-new MacBook Pro models on Thursday.
We’ll of course be bringing you the actual numbers as soon as they are released.