Apple this evening updated its investor relations page to note that the earnings announcement for the third fiscal quarter (second calendar quarter) of 2016 will take place on Tuesday, July 26.
In Q2 2016, Apple saw its first year-over-year revenue decline since 2003 along with its first ever drop in iPhone sales, and that downward trend is expected to continue into the third quarter of the year.
During its last earnings call, Apple's guidance included expected Q3 2016 revenue of $41 to $43 billion and gross margin between 37.5 and 38 percent.
The quarterly earnings statement will be released at 1:30 PM Pacific/4:30 PM Eastern, with a conference call to discuss the report taking place at 2:00 PM Pacific/5:00 PM Eastern. MacRumors will provide coverage of both the earnings release and conference call on July 26.
Top Rated Comments
"Yeah, dude. They're doomed."
But hey, we at Apple can always look like we're perfect by showing the wonderful iOS 10 adoption rate of 99.9% :) (but of course we won't mention how we shoved the updates down your throat)
I'm not running screaming the giant Apple in the sky is falling, but more of someone's kinda dropped the ball, any investor should be concerned, not exactly to the point of selling, but what really is there plan? What long term projections are the looking towards? If the gateway drugs are waning, and the stronger stuff isn't really cutting it, what are they moving? iTunes music subscriptions won't keep things moving.