Apple announced on its Investor Relations website that it has scheduled an earnings report to cover its fiscal 2021 second quarter (the first calendar quarter) on Wednesday, April 28.
STORY HIGHLIGHTS:
- Apple’s Q2 2021 earnings release is due on April 28.
- It’ll cover the months of January, February and March.
- Apple did not provide guidance for the quarter.
Apple’s second-quarter results due on April 28
“Apple’s conference call to discuss second fiscal quarter results is scheduled for Wednesday, April 28, 2021,” reads the announcement. The conference call with Wall Street analysts and investors is scheduled at 2:00pm Pacific Time / 5:00pm Eastern Time.
Apple has not provided guidance for this quarter (nor for the last three calendar quarters of 2020) because the ongoing pandemic and the coronavirus scare have caused enough uncertainty to make any predictions of its own near-future profit or loss futile.
What will the earnings release cover?
The filing will cover the months of January, February and March 2021, a period when Apple released zero new products. According to the rumor-mil, the company was supposed to drop quite a few new products by the spring that would have contributed to sales during the accounting period, such as the next Apple TV, its AirTags item trackers and the next iPad Pro.
Even though there were no new products during the March quarter, Apple could surprise investors with strong iPhone sales. This is typically a slow period for iPhone sales because it comes right after the lucrative holiday quarter when people usually buy new stuff.
However, there have been signs that sales of the latest iPhone 12 lineup (with a notable exception of the iPhone 12 mini) have been strong so far, exceeding Apple’s internal expectations.
Although the Cupertino technology giant has been becoming less reliant on the iPhone as the primary source of revenue, it is still being considered an iPhone company. As an example, iPhone sales during the 2020 holiday quarter ($65,597 billion) amounted to nearly 70 percent of the company’s all-time record revenue of $111.4 billion for the quarter.
How to join Apple’s conference call
Anyone will be able to follow along via a live-stream on Apple’s website using these devices:
- iPhone, iPad or iPod touch using Safari on iOS 10 or later.
- Apple TV (2nd generation or later) via AirPlay.
- Mac computers using Safari on macOS Sierra 10.12 or later.
- PC computers using Windows 10 and Microsoft’s Edge browser.
People can also join the upcoming conference call via their desktop or mobile devices using Google’s Chrome or Mozilla’s Firefox browser (MSE, H.264 and AAC required).