One of the biggest and prominent tech companies in the entire world will be unveiling its quarter performance later today; the company that gave us iPhone and iMacs, Apple, the tech giant will be looking to push new boundaries this quarter despite the new iPhone’s release and sale is set to later this year. This is a clear debacle for the company; even CEO Tim Cook noted that there was “pause” in iPhone sales last May.
A lot of points are to be looked at for this quarter’s performance, some which are always present like; the massive iPhone sale growth over the last quarter and in comparison to last year’s sales, and on how much the business has expanded? A massive thing to look at is with the efficiency of the stock buybacks they have in the last quarter.
Analysts’ Predictions and Expectations
First and foremost, Apple has initially reported that their investors and everyone else can expect a revenue growth of around the figures of $43.5 billion and $45.5 billion this quarter. On the other hand, a bunch of Wall Street analysts
For comparison, Apple’s performance for last year of the same quarter was at $42. 4 billion and they managed to sold a whopping 40.4 million units of iPhones; the market is expecting that the company can outperform last year’s results but iPhone sales may seem bleaker than expected due to the “pause” that CEO Cook mentioned.
More Forecasts and Figures
On the more technical side, the company’s gross margin is expected to be at the 37.5% increase mark and it can even hit up to the 38.5% according to several analysts; operating expenses are also looking to be at the $6.6 billion and $6.7 billion marks this quarter. The tax rate is expected to be at 25.5%, while the other income and expenses are expected to be at the $450 million.
iPhone Sales Pause and iPhone 8 Sales
On the company’s last earnings report, CEO Tim Cook noted that “We’re seeing what we believe to be a pause in purchases of iPhone, which we believe is due to the earlier and much more frequent reports about future iPhones,” reports about a lavish phone, a premium tenth-anniversary phone and an abundance of speculations have also been holding the iPhone sales out.
On the iPhone 8’s drop speculations and what not’s, RBC’s Amit Daryanani noted that “We think the flagship device may not see initial shipments until October (vs. mid/late September for historical new iPhone launches), with volume shipments not occurring until the November/December time frame,”
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