Apple has confirmed that it will reveal its Q2 2017 earnings during a conference call on May 2.
The company’s results for the second fiscal quarter of this year will reveal the state of demand for iPhone 7 almost eight months into its cycle, and whether there is still plenty of excitement for the new MacBook Pro.
Apple surprised everyone with its first quarter earnings back in January. Despite an apparent decline in iPhone interest prior to the latest refresh, demand for iPhone 7 was strong, helping the Cupertino company shift 78.3 million units.
As a result, Apple posted its most successful quarter to date, with revenue of $78.4 billion and net quarterly profit of $17.9 billion. The Mac, Apple Watch, and Services business all set new records, with the latter on the verge of becoming a Fortune 100 business.
Apple’s first quarter is typically its most successful following the launch of new iPhones and other hardware during the fourth quarter of the previous year. So don’t expect its Q2 2017 earnings to be quite as strong.
Apple expects to see revenue of $51.5 to $53.5 billion during the second quarter, with a gross margin between 38 and 39 percent.
You’ll be able to listen in to Apple’s earnings call on May 2 via its investor relations page. It kicks off at 2 p.m. Pacific or 5 p.m. Eastern.
