Apple to reveal June quarter numbers on July 26

By , Jun 28, 2016

Apple Stores (Istanbul, Turkey, image 001)

Apple will talk sales, revenue, profitability, the cost of doing business and other financial metrics pertaining to its third fiscal quarter, which translates into the second calendar quarter of this year, on July 26, according to an announcement posted on the Apple Investor webpage.

A conference call in which the company will discuss the latest quarterly results with investors and Wall Street analysts is scheduled for Tuesday, July 26, 2016 at 2pm Pacific / 5pm Eastern.

Apple CEO Tim Cook and CFO Luca Maestri are both expected to attend the conference call. The actual press release announcing the earnings should be out 30 minutes ahead of the conference call. A link to the live audio webcast will be provided at a later date.

For the March quarter, Apple reported the first decline in iPhone sales since the handset’s 2007 debut and the first annual revenue decline since 2003. The company’s guidance for the June quarter includes a revenue of $41 to $43 billion and gross margin between 37.5 and 38 percent. Operating expenses are projected to fall between $6 billion and $6.1 billion.

Source: Apple

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