Apple pushes the date of its fiscal Q2 2016 earnings release back a day to Tuesday, April 26th

Apple pushes the date of its fiscal Q2 2016 earnings release back a day to Tuesday, April 26th
Apple will now have to wait one extra day to make an historic announcement. The tech titan was set to release its fiscal second quarter earnings report after the market closed on Monday, April 25th. The report is expected to reveal that the number of iPhones sold by Apple during its fiscal second quarter (January through March), declined on a year-over-year basis. The dubious distinction would be a first for Apple.

Some felt that Apple would report lower year-over-year iPhone sales during its fiscal first quarter, which covered the holiday shopping period. That is because Apple seemed to have set the bar very high by selling a then record 74.5 million handsets during the fiscal first quarter of 2015. But to the surprise of many, Apple kept the streak alive by selling 74.8 million iPhone units during the fiscal first quarter of 2016.

During the fiscal second quarter of 2015, Apple sold 61.2 million iPhones. That is the magic number that Apple must top in order to keep the streak alive. However, most analysts see Apple falling short of that figure. Earlier this year, analysts called for Apple to announce sales of 54.6 million iPhones for the fiscal second quarter of 2016. While some analysts have since tweaked their prediction (the Apple iPhone SE was launched on the last day of the quarter so its effect would be minimal at best), it still appears that Apple will announce a decline in year-over-year iPhone sales for the January through March period.

Before you start coming up with conspiracy theories to explain why Apple is pushing the report back one day, there is a simple explanation. Monday, a memorial will be held for the late Bill Campbell who died Monday from cancer at 75. Campbell was a tech consultant "who was a coach and mentor" to many at Apple; eventually he joined Apple's board.

The earnings will now be released Tuesday at 5pm EDT, one hour after the market has closed. A conference call webcast will also be held Tuesday at 5pm EDT. You can check in right here for the numbers as soon as they are announced.



source: CNBC via SeekingAlpha

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18 Comments

2. AlikMalix unregistered

I hope it's bad... really bad... I know I'm an Apple fan, but I'd love to see apple under pressure - something it hasn't experienced in a long long time...

13. jesus_sheep

Posts: 279; Member since: Apr 18, 2015

I agree. Apple is a dead man walking.

3. zunaidahmed

Posts: 1182; Member since: Dec 24, 2011

Apple hasn't been doing much to make the iPhone better, so I bet their quarter financial records are worse than the same period last year. Even though I love their product, but the truth is just the truth. Even I don't find a reason the upgrade my iPad, macbook or even my iPhone these days. Even though I might buy a new macbook pro this fall if what the rumors are true.

5. BradyCrack

Posts: 835; Member since: Dec 29, 2015

Yep, I agree. Apple needs to advertise more as well, a lot more.

16. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

no they dont. people already know their products.

24. 2.5GHz

Posts: 270; Member since: Apr 03, 2016

but the more people know, the better for Apple, I guess...

4. ibend

Posts: 6747; Member since: Sep 30, 2014

yes its dropped.. just check "nasdaq aapl" on google, its dropped 16% compared to last year, that can be rough estimation for this fiscal earning.. I guess it wont far from that number -_-

8. emmawilliam834

Posts: 241; Member since: Feb 09, 2016

Does a decline in revenue like that actually matter for Apple? They seems to already have more money than they know what to do with. I have a news to share that Apple releases second iOS 9.3.2 beta for iPhone, iPad, and iPod touch to developers http://www.smartphonesupdates.com/apple-seeds-second-ios-9-3-2-beta-developers-night-shift-low-power-mode-update/ According to Apple's release notes, the beta features "bug fixes and improvements," including a possible fix for a major Game Center bug that has plagued iOS users for months. iOS 9.3.2 beta 2 brings the return of a much desired feature, re-enabling the ability to use Low Power Mode and Night Shift at the same time.

12. AlikMalix unregistered

I've actually experienced that "whitescreen" bug for the GameCenter yesterday. It's not fun - it actually blocks some games from loading. I had to signout and sign back into GameCenter in order to get one game to work (otherwise the load screen for the game lasts forever). Yeah, that fix is definately coming - apple already announced it. BTW, since that one time - everything is running smoothly, games loaded just fine since I reset my login...

14. xondk

Posts: 1904; Member since: Mar 25, 2014

There are some speculations out there, about actual numbers and actual cash, that Apple is manipulating numbers and such, obviously could easily be a conspiracy, but Apple's reported year after year of 'records' and such, the number of sales, its begun not adding up, even investors are wondering how it is possible, Apple has basically reached a point where "It sounds too good to be true" sure again, could be conspiracy, but in so many other cases when it has sounded too good, that was because it was, we will see.

18. roscuthiii

Posts: 2383; Member since: Jul 18, 2010

Yep... I'd just pointed this out to someone the other day talking about Apple's cash and how they could "just buy out all the competition"... While it's pretty standard that large companies announce their gross profits, at some point they either post their losses/debts/ & expenditures, or some analyst takes the time to figure it out pretty closely to actual numbers. To my knowledge, Apple basically doesn't reports their costs of doing business. To be sure, Apple is a master at buying low & selling high, but the numbers they report; t's all gross, not net. Another issue with their $220B surplus is that nearly $200B is all tangled up in long-term investments which either means it's just a projected value, and they can't touch it without paying a penalty for withdrawing early. Plus, there's the whole having their money out-of-country and the taxes they'd owe on it all if they ever brought it back to the US, which is roughly 40%. That's a hefty chunk. (I'm pretty sure their lawyers and accountants would explore every loophole imaginable though.) All in all, Apple actually has around $20B in cash they can play with on-hand without liquidating assets and cashing out on investments. While that's no measly sum, it's also not the $220B that gets touted around town.

19. roscuthiii

Posts: 2383; Member since: Jul 18, 2010

Ah, darn it... I went and turned into a "TL;DR". My apologies everyone.

10. Ahovking

Posts: 711; Member since: Feb 03, 2015

I hope it's crashing, I love apple and would favour them over android (to many features just for the sake features) but they need to feel the burn.. I want sales to be as low as half of what was expected from them. They have became lazy.. And I'm afraid that their slowly becoming just another phone making.

11. AlikMalix unregistered

I actually like iOS and don't have any complaints about it, the build quality of their devices is also top notch ---- it's the design that really need to breakaway from the tired look of the iPhone especially the damn camera bump and those bezels. It would really impress me if they could incorporate the home button into the screen and dramatically reduce those bezels. I believe it's because of the home button that the top bezel is kept at the same size - and it's getting old. Samsung has a much better design, HTC 10 also looks like a solid design even sans any curvy screens - Johnny gotta change or quit - but the design cannot stay this way - it's not as iconic as it is tired. Hope the other iPhone fans agree.

17. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Not a fan an I agree. The iPad especially hasn't changed since the second model. It is a very tired design. The iPhone? Well I understand keeping the familiar look of all the model, but Samsung has also kept the same similar look for all the model, but they are not as identical as Apple iPhone and iPad are. I am trying to understand, what was the extra $100 in cost for the iPad model this year? 2 speakers don't cost $100. They even removed a core from the CPU. What was wrong with the tri-core design. Again, yet they raised the price $100. As you said, Ive's needs to make changes, or he needs to go. he's stupid on a boring tired flavor that needs some real spice. The iPad Pro? Both of them are ugly to me. The speaker cutouts are just dumb. How is stereo sound suppose to work? @ speakers at the bottom near the center and the ones on top are out to the side. In portrait this is fine. But wen you watch a movie, in landscape, how is the left and right going to work for stereo sound? There was no thought given to this at all. It would have be better if they were front firing speakers as the bezel is plenty big enough to house a slight cutout. Then Apple could have placed in the software a controller, so you can turn on which speakers you want based on the orientation or they could of made them self-sensing which is easy. All they have to do is tap the speakers with a smaller controller to the gyro. But no, again they jacked up the cost and gave NOTHING!

22. Mxyzptlk unregistered

"The iPad especially hasn't changed since the second model. It is a very tired design." I stopped reading right there. Clearly you have no idea that the iPad Air exists.

15. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Its amazing how Apple selling 75M phones only 2 times in 9 years is a big deal. There is an OEM that has been selling 80M phones consistently for 5 years in a row. Apple, its YOUR own fault. With the money to make a new design every year, even if you only beef up the insides slightly, will at least look like a new phone. Why keep doing the same to models back to back and then releasing a 4 year old model? $200B...always bragging about profits. Then trying to sell a $150 phone for $400. Releasing a new phone with a higher megapixel camera that takes worse pictures than their previous model. Releasing a new iPad with the only additional feature is 2 extra speakers, in a position where it cant even do stereo sound properly, yet raised the cost $100 is ridiculous and they deserve to get no sales at all. I personally was waiting to get a new iPad, because the Mini is just to tiny and its also only 16GB which is terrible for what it costs. The last iPad we had other than this one, was the Air 2 and its a good tablet. But for the money Apple has, it should be better. Same for you too Samsung. The Tab S was awesome, except it was under-powered. The Tas S2 sucks, trying to be like the iPad. Big mistake. These OEM's need to make better products that are worth buying,

20. roscuthiii

Posts: 2383; Member since: Jul 18, 2010

This is actually a pretty big thing for Apple. They're still selling a lot of handsets, but the problem comes down to simple arithmetic. Apple makes a lot more revenue on selling fewer devices than the competition. While that sounds great, any lost sale (either to the competition or to economics) is then significantly more important. Putting it in simple numbers, lets say Apple makes $200 off of 14 people and the competition (comparatively, Android) makes $100 off of 82 people. Really nice isn't it? Well, if Apple loses 2 people for whatever reason, that's a loss of roughly $28. Whereas, is Android loses 15 people, it's only a loss of $18. For investors, these little growth hiccups can be huge since they get so focused all the way down to a quarter of a percent.

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