Apple's earnings report is just five days away — here's what to look for
The fiscal second-quarter results, due after the close of trading on April 30, come with the stock up 31% year to date through Wednesday’s close at $207.16 per share. The S&P 500 has gained about 17%.• Wall Street analysts are looking for earnings of $2.36 per share, according to FactSet, and revenue of $57.6 billion.
• Apple reported revenue of $61.1 billion during last year’s second quarter, leading to earnings of $2.73 per share. The Cupertino, Calif.-based company reported sales of 52.2 million iPhones, up 3% from the same quarter a year earlier. • First-quarter revenue was $84.3 billion, with earnings coming in at $4.18 per share. Apple reported a record $10.9 billion in services revenue, up 19% from the same quarter a year earlier.
• Apple is making a transition away from relying on sales of the iPhone, its mainstay for a decade, and toward a services business that sells subscriptions to the vast number of people who already use its phones and computers. The number of active devices has reached a record high of 1.4 billion, although iPhone sales have dipped.
Apple in March made its boldest bid yet to bolster the services business, with the announcement of subscription services for video streaming , news , and gaming . The much-anticipated announcement raised as many questions as it answered, with no details on pricing for the video and gaming platforms, and vague information about when the products, expected sometime in the fall, will reach the market.A conference call with investors is scheduled for 5 p.m. ET on Tuesday.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Qualcomm's settlement with Apple is going to send the stock soaring even higher, Morgan Stanley saysQualcomm's surprising settlement with Apple is going to send the stock soaring even higher, Morgan Stanley says
Read more »
Apple spends more than $30 million on Amazon's cloud every month, making it a top AWS customerApple spends more than $30 million on Amazon's cloud every month, making it one of the biggest AWS customers
Read more »
Apple could launch AirPods with brand new design as soon as this year, top analyst saysNew AirPods could give a significant sales and average sales price boost to Apple's most successful new product in years.
Read more »
Report: Apple Is One Of Amazon's Biggest Customers, Spending Over $350M Per YearApple is one of Amazon's biggest customers, spending over $350 million per year
Read more »
Apple CEO Tim Cook: Europe is leading the U.S. when it comes to tech regulationApple CEO Tim Cook said that the tech industry very much needs to be regulated but he's 'not confident' in U.S. lawmakers to do it right.
Read more »
JCPenney's suspension of Apple Pay could have broader implications on contactless paymentsJCPenney shed some light on its decision to drop Apple Pay from its retail store and digital platforms:
Read more »
Apple CEO says FBI's 2016 case about San Bernadino shooter's locked iPhone was 'very rigged'Apple's CEO is still upset about a court battle with the FBI from 2016 following the San Bernadino terrorist attack.
Read more »
Netflix Shrugs Off Its New, Bigger Competitors — Apple And Disney
Read more »
What this week’s Apple-Qualcomm-Intel dance means for the future of 5GQualcomm is now alone at the top of the 5G chip market.
Read more »
Report: Apple Is One Of Amazon's Biggest Customers, Spending Over $350M Per YearThe new contract is worth $1.5 billion.
Read more »