LIVE: Apple earnings
Getty Images, Justin Sullivan
This quarter is usually Apple's slowest, and Wall Street is not expecting to be blown away.
Last quarter, Apple revealed that iPhone sales had dropped for the first time in its history, and provided revenue guidance for the June quarter of $41 billion to $43 billion.
At the midpoint, $42 billion, that would be a 15.3% decrease in sales over the same period last year.
Analysts also worry that the newest iPhone, the lower-cost $400 iPhone SE, might start to cut into Apple's famously healthy profit margins.
Here's what analysts expect Apple to report, compiled by Bloomberg:
- Q3 EPS (GAAP): $1.36
- Q3 revenue: $42.059 billion
- Gross margin: 37.94%
- iPhone unit sales: 39.9 million
- iPhone ASP: $606
- iPad unit sales: 9.1 million
- Mac unit sales: 4.4 million
- Q3 revenue guidance: $42.3 billion to $49.4 billion, averaging out to $45.6 billion
This post will be updated as the results are announced, so hit refresh or click here to update the page.
- I spent 2 weeks in India. A highlight was visiting a small mountain town so beautiful it didn't seem real.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress
- 8 Lesser-known places to visit near Nainital
- World Liver Day 2024: 10 Foods that are necessary for a healthy liver
- Essential tips for effortlessly renewing your bike insurance policy in 2024