3 Things To Watch In Tomorrow’s Apple Report

(Photo Credit: Niels Epting)

The most anticipated report of the entire earnings season will be released after tomorrow’s closing bell. The number of estimates for Apple have already blown away last quarter’s record of 607, currently at 924 for the fiscal fourth quarter vs. the sell side which only has around 40 estimates. Recall that last quarter Apple reported EPS of $1.85, just one cent short of the Estimize consensus yet a nickel above the Street’s consensus. 

This quarter the crowd is calling for EPS of $1.91 vs. Wall Street’s $1.88, signaling YoY growth of 34%. Revenues are anticipated to come in at $51.359B as compared to Wall Street’s estimate for $50.798B, a 22% growth rate. In addition to earnings and revenues, here are the other areas to watch tomorrow:

 

iPhone 6s and 6s Plus sales

Investors will be waiting with great anticipation to hear how sales of the iPhone 6s and 6s Plus are faring. Three days after the official launch in late September, Apple sold more than 13 million units in one weekend, a company record. This is up from the 10 million units that were sold during the first weekend of the iPhone 6 and iPhone 6 Plus launch. This quarter’s report will only include the Friday and Saturday sales of that record breaking weekend, as the fiscal quarter officially ended on September 25.

Continued growth in China?

Much of the company’s success this year can be attributed to China, but can massive growth in that region continue? Earlier this year Apple received approval from Chinese regulators to sell iPhones. During its fiscal Q2 2015 report back in April, Apple reported that iPhone sales in China outpaced the U.S. for the first time ever. In the latest quarterly report released in July, YoY growth in Greater China was up 112%, with nearly 30% of total revenues coming from the region. The latest iPhone models were made available in China on launch day, something that wasn’t true of the iPhone 6/iPhone 6 Plus release.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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