Apple will reveal how well sales of the iPhone 7 and iPhone 7 Plus are going during a conference call with investors on
October 27 October 25th.
While Apple traditionally announces the number of iPhone units sold during the first week of a launch, this year the company decided to keep the number secret due to supply problems.
The Apple Q4 2016 earnings report will begin at 2 p.m. Pacific and can be listened to by anyone via Apple’s investor relations site.
During Apple’s last earnings call, during which CEO Tim Cook and CFO Luca Maestri reported surprisingly strong results, the company told investors it expects to make $45.5 billion to $47.5 billion with a total profit of $7.8 billion this quarter.
The estimates are lower than the $51.5 billion in revenue Apple made in Q4 2015. Some Apple analysts project iPhone 7 sales will be lower than the iPhone 6s. However, Sprint and T-Mobile revealed preorders were nearly four times greater than last year, so Apple could pull out some surprises.
Cult of Mac will live-blog the entire earnings call with all the financial analysis and GIFs we can muster. Tune in on Thursday, October 25, an hour before the Apple earnings call start time to catch all the action.
Update: Apple has moved the date of the earnings call to October 25th due to a scheduling conflict. Is the scheduling conflict maybe a MacBook keynote?