LIVE: Apple earnings!
AP
Apple is about to deliver its most important earnings report in a long time.
The numbers should hit at 4:30 PM east coast time, and the call starts at 5 PM. We will have the numbers as soon as humanely possible (perhaps faster) so hit refresh on your browser, or click here to the latest.
Why is this such a big earnings report?
Because analysts believe Apple is going to deliver revenue guidance that shows a drop in revenue for the first three months of this year.
If that happens, it will be the first revenue decline as measured on a year-over-year basis in the modern history of the company.
If that happens it will be because the iPhone goes negative year-over-year for the first time ever.
If that happens if it will be fascinating to hear Apple's explanation for what's going on with the iPhone business.
If that doesn't happen, the stock might fly to the moon because everyone is expecting a drop in iPhones.
Here are the numbers analysts are looking for, via the Bloomberg terminal:
- Q1 EPS: $3.23
- Q1 revenue: $76.6 billion
- Gross margin: 39.9%
- iPhone unit sales: 75 million
- Phone ASP: $674
- iPad unit sales: 17.3 million
- Mac unit sales: 5.8 million
- Q2 EPS: $2.24
- Q2 revenue: $55.7 billion
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Sustainable Event Planning
- Ambani, Adani collaborate: RIL picks 26% stake in Adani Power project
- As back-to-office avatars turn casual, comfy sneaker sales pick up pace
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*
- 8 Lesser-known places to explore in Himachal Pradesh