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Apple to Announce Q3 2016 Earnings on July 26

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Apple this evening updated its investor relations page to note that the earnings announcement for the third fiscal quarter (second calendar quarter) of 2016 will take place on Tuesday, July 26.

In Q2 2016, Apple saw its first year-over-year revenue decline since 2003 along with its first ever drop in iPhone sales, and that downward trend is expected to continue into the third quarter of the year.

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During its last earnings call, Apple's guidance included expected Q3 2016 revenue of $41 to $43 billion and gross margin between 37.5 and 38 percent.

The quarterly earnings statement will be released at 1:30 PM Pacific/4:30 PM Eastern, with a conference call to discuss the report taking place at 2:00 PM Pacific/5:00 PM Eastern. MacRumors will provide coverage of both the earnings release and conference call on July 26.

Top Rated Comments

vertsix Avatar
vertsix
127 months ago
"Dude, let's dump Apple. They only sold a billion phones this quarter. Psh. I was expecting 10 billion."

"Yeah, dude. They're doomed."
Score: 4 Votes (Like | Disagree)
garirry Avatar
garirry
127 months ago
Spoiler alert: It drops again

But hey, we at Apple can always look like we're perfect by showing the wonderful iOS 10 adoption rate of 99.9% :) (but of course we won't mention how we shoved the updates down your throat)
Score: 2 Votes (Like | Disagree)
vertsix Avatar
vertsix
127 months ago
You don't know how the stock market works, do you? It's not "still EXTREMELY profitable" which is traded there - it's future growth.
yes i do know learn to take a joke boyo
Score: 1 Votes (Like | Disagree)
2
2ilent8cho
127 months ago
Considering until this week the iPhone SE had a 2 to 3 week delivery time from from order, they might have strong iPhone sales for this quarter. as it will include ALL iPhone SE sales to date.
Score: 1 Votes (Like | Disagree)
C
chinesedemo
127 months ago
If you are still holding on to this stock telling yourselves you are investors and not speculators you are fools and should not be investing in anything. Sell now, don't wait buy back at 80-82.
Score: 1 Votes (Like | Disagree)
Aldaris Avatar
Aldaris
127 months ago
Along with many of you in other threads the biggest disappointment is the lack of Mac-oriented updates. As has been pointed out before by many, is Apple has conditioned its consumers to expect regular updates, especially when it comes to iDevices, especially the iPhone. In the iDevices sphere there is no major cause to alarm at this point, as they are regularly updated in the fall; the kicker here (and we all know it) is the iDevices were meant for a gateway drug to lure consumers into the Mac ecosystem, with the blight on the Mac side, any serious investor should be concerned, iPad sales have dreamed to plateau a bit, and the iPhone although selling, is selling at the slowest rate.

I'm not running screaming the giant Apple in the sky is falling, but more of someone's kinda dropped the ball, any investor should be concerned, not exactly to the point of selling, but what really is there plan? What long term projections are the looking towards? If the gateway drugs are waning, and the stronger stuff isn't really cutting it, what are they moving? iTunes music subscriptions won't keep things moving.
Score: 1 Votes (Like | Disagree)
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