Apple can’t make enough iPhone 7 devices to satisfy demand from customers (and from Wall Street to make more money).
During Apple’s Q4 2016 earnings call today, Apple CEO Tim Cook and CFO Luca Maestri hinted that big things are in the pipeline that should put the company back on track to growth — and it all starts Thursday with the MacBook Pro.
Even though the iPhone 7 was only on sale for two weeks during Q3 2016, it accounted for more than 40 percent of all iPhone sales in the United States, according to Consumer Intelligence Research Partners.
With quarterly revenue declining for the first time in more than a decade, Apple execs Tim Cook and Luca Maestri put on their game faces during today’s Apple earnings call to tell us why things aren’t really all that bad in Cupertino.
The sad truth is that slumping iPhone sales, which joined the iPad and Mac lineups in the down column, will likely take a toll on Apple’s image — and on its stock price.
Still, there were plenty of other intriguing and optimism-inspiring things we heard during Apple’s Q2 2016 earnings call. Here are the most important takeaways from this historic Apple moment.
Forget about the “peak iPhone” problem: Goldman Sachs thinks this year’s iPhone 7 is going to be a big one for Apple.
Coming off the back of Apple selling its billionth iPhone sometime this summer, the bank’s senior equity research analyst Simona Jankowski says the number of people clamoring to get their hands on Apple’s next-gen iPhone will be “remarkably high.”
Four years ago Apple hit the milestone of selling more iPhones per day than babies born per day. Now, four years later, we wanted to revisit those statistics since iPhone sales have grown quite significantly since then. It turns out, with current sales numbers, Apple sells nearly two iPhones for every baby born.
The math works out like this: Apple sold a record total of 231.4 million iPhones in 2015. Divide that number by 365 days in a year to get 633,963 iPhones sold every single day. The UN estimates that there are 360,000 babies born every day across the world. So technically, that comes out to 1.76 iPhones for every one baby.
Apple is set to reveal how much money it made over the 2015 holiday shopping season, and per usual, it’s expected to be a record-breaker.
Tim Cook and Luca Maestri will dive into all the details of Apple’s Q1 2016 earnings report tomorrow at 2 p.m. Pacific but there’s really only one number Wall Street really wants to know: total iPhones sales. Even though Apple may record its highest earnings ever, some analysts are predicting that iPhone sales may have declined for the first time, which could send Apple’s stock price sinking.
Here are six things to watch for during Apple’s Q1 2016 earnings call:
Analysts with sobering certainty say Apple is set to report its first ever decline in iPhone sales. Reports of cutbacks in production and shipments, and chatter about the iPhone 6s and 6s Plus not offering enough new features to inspire a rush to upgrade all point to one bummer of an earnings report.
But they might be overlooking one indicator – sales of older iPhones.