LIVE: Apple earnings!
Apple earnings should be hitting shortly after the market closes. We will have all the big numbers as soon as possible. If not sooner.
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Here, via Bloomberg, is what analysts are expecting Apple to deliver for its fiscal Q4, also known as the September quarter:
- Revenue: $51.04 billion
- EPS: $1.88
- iPhone units: 48.5 million
- iPad units: 10.2 million
- Mac units: 5.6 million
- Gross margin: 39.3%
- December quarter revenue: $77.13 billion
This will be a critical quarter for Apple.
Analysts will be watching iPhone sales and December revenue guidance. In the past 12 months iPhone sales have exploded. Analysts are quietly saying Apple can't grow its revenue or iPhone unit sales anymore simply because Apple is competing against its own massive numbers.
If Apple's revenue is light, there's a very good chance the stock will tank.
We'll be all over it, so stay tuned!