Apple’s Earnings Call is a quarterly event where the company announces its financial report card over the past three months. The last session wasn’t so great for them, what with trying to fight off a global sales decline and all. This time around, the story looks to be better.
- Apple’s earning this quarter is expected to be around $77.38 billion, which is just 2% more than where they were at the same time last year. (Figures adjusted for inflation).
- During the quarter, Apple’s shares have risen almost 7%. In the same time period, Google’s rose by only 0.5%, while Facebook’s have fallen by about 0.5%
- Apple pushed for more aggressive strategies in China. The sales figure from there will be crucial.
- Revenue from their “Services” are expected to make big impact during Apple’s Earnings Call.
- Cook is also likely to address the fiscal changes that might come along with the Trump administration, and the effect it might have on the future of their company.
- India might find a special mention, given as the company has been desperately pushing for a foothold here.
We hope to hear good news from Tim Cook during Apple’s Earnings Call. This quarter, Apple finally felt a little more stable, after almost a year of turbulent waters.
Cook is also hopeful, and he was quoted as saying:
“Looking forward, the response to the iPhone 7 and 7 Plus has been very positive. It’s very hard to gauge demand, as you know, when you’re selling everything you’re making. So we’ll find out more through the quarter, but we’re confident enough to give you guys guidance that we’re returning to growth this quarter, which obviously feels very good for us.”
Source: CNBC
