Apple is set to announce its quarterly financials for the first quarter of 2016 on January 26th, a critical three-month period that takes into account new iPhones and holiday sales.
Apple made the announcement of the event via its Investor Relations website, and said results disclosures will be followed by a conference call normally attended by CEO Tim Cook and Apple’s CFO Luca Maestri.
Many investors are waiting to hear whether the iPhone 6s and 6s Plus have been able to match the success of the previous generation iPhone 6 and 6 Plus – the latter the company’s first “phablet” device. Apple ratcheted up a huge quarter in the three months ending December 2014, managing to sell 74.5 million iPhones which generated $18 billion in profit on $74.6 billion in revenue.
During the last conference call in October, Apple projected revenue between $75.5 billion and $77.5 billion for Q1 2016, which margins between 39 and 40 percent. Some analysts however have expressed doubt whether the company can maintain such growth, cutting estimates for the coming year.
Apple’s conference call for Q1 2016 is scheduled for Tuesday January 26th at 2pm Pacific time, 5 pm Eastern time.
Larry Banks is a keen follower of technology and finance. He has worked for a variety of online publications, writing about a diverse range of topics including mobile networks, patents, and Internet video delivery technologies.