Apple has rescheduled its fiscal Q2 2016 earnings announcement and conference call for Tuesday, April 26. It was previously set for Monday, April 25, however the company has delayed it for a day, due to a memorial service for longtime Apple board member Bill Campbell, who passed away earlier this week.
Apple’s second quarter earnings announcement has been rescheduled to Tuesday, April 26, at 2:00 p.m. PT/5:00 p.m. ET out of respect for the friends and family of Bill Campbell, whose memorial service will be held Monday. Apple executives and employees will be attending the service to remember Bill and his many years of friendship and service to the Apple community.
The earnings release will offer up a look at iPhone sales for the quarter, the first to include sales of the new 4-inch iPhone SE. The company has a tough act to follow, as it had a record first quarter, with 74.8 million iPhone sales and $18.4 billion profit on $75.9 billion in revenue.
Apple has already warned investors to expect an iPhone sales decline in the March quarter, providing Q2 2016 guidance of $50 to $53 billion in revenue and gross margin between 39 and 39.5%. If those numbers come true, it will be the company’s first year-over-year revenue drop in 13 years.
As is usual for the announcement, Apple will release its quarterly earnings statement at 1:30 PM Pacific/4:30 PM Eastern time, with a conference call to discuss the report taking place one-half hour later, at 2:00 PM Pacific/5:00 PM Eastern time. MacTrast will be covering the statement, and the following call, so be here for all the action! ALOHA!