Apple earnings live blog: iPhone X sales revealed at last

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Apple earnings
Apple's Q1 earnings are going to be huge!
Photo: Ste Smith/Cult of Mac

The first Apple earnings report of 2018 is already here. Based on analysts’ expectations, it will probably be Apple’s biggest earnings ever.

Thanks to the high price of the iPhone X and the holiday shopping season, Apple is set to rake in record-setting profits this quarter. Wall Street is eager to know what Apple plans to do with all its cash, especially now that it is bringing more than $200 billion back home from overseas.

Tim Cook and Apple CFO Luca Maestri are set to get on the phone with investors at 2 p.m. Pacific to talk about all the numbers. Per usual, we’ll be right here live-blogging all the action with up-to-the-minute analysis on all of the juicy new nuggets.

Come join us:

iPhone X launch sales will be revealed in Apple’s Q1 earnings call

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money
Apple's next earnings call will tell us a whole lot about the way 2018 will play out.
Photo: Ste Smith/Cult of Mac

Apple’s first quarterly earnings call of 2018 will take place on Thursday, February 1, the company has revealed.

Apple will host a conference call to discuss its first fiscal quarter results for the year. This will happen at 2:00 p.m. PT or 5:00 p.m. ET, and is available to listen to online.

iPhone 8 sales mystery ends Nov. 2

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iPhone
This will be the first earnings report with iPhone 8 sales figures.
Photo: Ste Smith/Cult of Mac

Apple shareholders waiting to find out what iPhone 8 sales will mean for the company’s bottom line will have to wait one more month before getting the news.

On its investor portal this afternoon, Apple revealed that its Q4 2017 earnings report will come out November 2.

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money
The iPhones will have cash flying out of your bank account.
Photo illustration: Ste Smith/Cult of Mac

Samsung likely to smash previous records with Q2 profits

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Samsung
...and Apple may have helped.
Photo: Jim Merithew/Cult of Mac

Samsung’s Q2 operating profit rose 72 percent from this time last year, setting a new record for the South Korean tech giant in the process.

Operating profit likely sits around the 14 trillion won ($12.1 billion) mark, according to the company. Revenue meanwhile increased 18 percent from a year earlier to 60 trillion won — beating analyst forecasts in the process.

Apple’s Q3 2017 earnings call to be held on August 1

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money
Apple is unimaginably profitable.
Photo: Ste Smith/Cult of Mac

Investors will get their next glimpse into how well iPhone sells are doing on August 1 when Apple reveals its Q3 earnings for 2017.

Apple updated its investor relations page today confirming the time and date of its next earnings call, which will include early sales of the new iPad Pro and MacBook Pros unveiled at the company’s Worldwide Developers Conference at the beginning of June.

Warren Buffett stays high on Apple despite iPhone slump

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Buffett
Warren Buffet is Apple's biggest investor.
Photo: CNBC

Apple’s big pause in iPhone sales leading up to this year’s new models isn’t worrying one of the company’s biggest investors.

Berkshire Hathaway CEO Warren Buffett says he loves what Apple is doing with its buyback program for investors and even though sales are slow, the stock is still a great buy.

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apple earnings
Apple's money-making machine is on a new level.
Photo illustration: Steve Smith/Cult of Mac