Apple will announce first quarter results on may 2
04.04.2017 Erika J. Wells 0 Comments
May 2, late at night, immediately after the closing of the stock markets, Apple will announce the results of I quarter 2017 (II fiscal quarter).
Analysts believe that Apple’s financial performance during the reporting period will be higher than expected. In the last quarter, the Corporation has not issued new products, but only updated the existing line of gadgets – iPhone, iPad, and Apple Watch. Sale red iPhone 7 and the new 9.7-inch tablet was launched at the end of last month, so will have little impact on the results of the quarter.
Evaluation of sales Apple made a variety of analytical and investment companies, are markedly different from each other. In particular, observers differ in their predictions of the results of the implementation of the iPhone: some of them predict a decline in sales of smartphones, due to seasonal fluctuations.
At the moment Apple is the most valuable public company. Based on exchange estimates, the cost of the California giant is $752 billion of Apple’s Revenue in the first quarter of 2017 financial years ending 31 December 2016, was a record. He made $78.4 billion, and net income of $17.9 billion.
Predictions of Apple for the second quarter of the 2017 financial year: income from $51.5 billion to $53.5 billion, the gross quarterly profit at the level of 38% to 39%, operating expenses between $6.5 billion to $6.6 billion, other income/(expenses) in the amount of $400 million.
As always, after the announcement of financial results Apple executives will answer questions from the audience. Apple will hold the audio of the event on its web site.