Apple Q2 2016 earnings report: What to expect & how to listen to Apple’s earnings call

Apple is set to announce its financial results for the second quarter of fiscal 2016 on Tuesday 26 April. Here, you’ll find out how many iPhones, iPads, Macs, and Watches Apple is predicted to have sold during the past few months, and how to listen to Apple’s earnings call live.Apple earnings report Q2 2016: How to listen to Apple’s earnings call Q2 2016
Apple’s financial results conference call will begin at 2pm PDT/5pm EDT/10pm BST. You can listen to the conference call live on Apple’s website to get the results live and hear from Apple executives as they discuss the earnings report and give hints about what’s to come.To listen, you’ll need an iPhone, iPad or iPod touch with Safari on iOS 7 or later, a Mac with Safari 6.0.5 or later on OS X v10.8.5 or later or a PC with Microsoft Edge on Windows 10.

Apple earnings report Q2 2016: How much money did Apple make?

It’s very possible that Apple is about to report a quarterly decline in revenue for the first time in 13 years.Last quarter, which ended on 26 December 2015, saw Apple make a record quarterly revenue of $75.9 billion and a record quarterly net income of $18.4 billion, or $3.28 diluted share, but that record was extremely close to the previous record Apple reported in the same quarter in the year before.During the earnings call for the first quarter, which took place on 26 January, Apple predicted that revenue for this quarter would be between $50 billion and $53 billion, with a gross margin of between 39 per cent and 39.5 per cent. That would represent a decline in revenue year-over-year for the first time in more than a decade. Of course, it’s still no mean feat. $58 billion is a tough figure to beat, and the smartphone market as a whole is said to have slowed down as the technology reaches its peak.This quarter in 2015 saw Apple announce quarterly revenue of $58 billion and a net profit of $13.6 billion, or $2.33 diluted share.Q2 2016 includes January, February and March, as Apple’s financial year runs from September to September.

Apple earnings report Q2 2016: How many iPhones did Apple sell?

In Apple’s last quarter, which included the busy holiday shopping period and the first full quarter for the iPhone 6s and iPhone 6s Plus, Apple sold a total 74.779 million iPhones and made $51.635 billion in revenue from those sales.Apple has now added the iPhone SE into the mix, but its March release means we’ll have to wait for next quarter to find out how well the smaller phone performed in its first full quarter. We expect to hear some initial sales figures for the iPhone SE during the call tonight, though, and we suspect they’ll have exceeded expectations.During the second quarter of 2015, Apple sold 61.2 million iPhone units, which was a massive improvement over the 44 million units it sold in the same quarter of 2014. This is likely to in part be thanks to the two iPhone options, a first for Apple when the iPhone 6 and iPhone 6 Plus launched in September of 2014.But Wall Street Analysts are currently predicting that Apple sold about 50 million iPhones this quarter, which would represent its first quarterly sales decline ever, and even Apple forecast the decline when it shared its predictions for Q2 in its January Q1 earnings call.

-macworld-

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