Apple earnings calls are usually a time for celebration and gloating, but for the first time in over a decade the company is poised to post declining profits.
Tim Cook warned Wall Street that this would likely happen due to declining iPhone sales. Have we really reached “peak iPhone”?
Analysts and reporters will be grilling Cook and Apple CFO Luca Maestri during today’s Q2 2016 earnings call. Investors will be looking for signs that Apple still has room to grow. And Cult of Mac will be right here, liveblogging the entire Apple earnings call — and translating the financial gibberish — when the big event starts at 2 p.m. Pacific.
Get in on the action below:
Buster Hein is a freelance writer who lives in Phoenix, Arizona. Twitter: @bst3r.
6 responses to “Liveblog: Apple’s toughest earnings call in a decade”
“Liveblog: Apple’s toughest earnings call in a decade”
Whatever happens with Apple’s earning’s, if they are lower as expected here are two things to remember:
1. A lower stock price should already be baked into the current price.
2. It will be a good buying opportunity.
If you own Apple stock, resist the temptation to sell. It will ultimately be a mistake, as it always has been.
Just one man’s opinion, of course.
SELL SELL SELL …iphone is TEN years old and stinky
The iPhone is not ten years old… but you are.
I’m not
Perhaps not, though I’m not convinced. In any case, calling the iPhone “stinky” certainly means you •think• like a ten-year-old.
Iphone is stinky: its old and crusty and expensive not a good combo