Apple to announce fourth quarter earnings on Oct. 28

Posted:
in AAPL Investors edited September 28
Apple on Tuesday announced that it will detail earnings for the fourth fiscal quarter of 2021 on Oct. 28, with an ensuing investor conference call expected to include a discussion from CEO Tim Cook and CFO Luca Maestri.

Tim Cook and Luca Maestri


Apple will hold an investor conference call following its fourth quarter earnings release on Thursday, Oct. 28, the company said in an update to its investor webpage. The call is scheduled to take place at 2:00 p.m. Pacific, 5 p.m. Eastern.

As usual, Cook and Maestri are expected to deliver word on Apple's overall financial health and break out segment details for the three-month period ending in September. Early iPhone 13, iPad and iPad mini results could be included among topics of discussion, as the hardware went up for preorder in the middle of September and shipped last week.

Apple notched another record quarter for the three-month period ending in June, raking in $81.4 billion in revenue on the back of massive iPhone sales and Services growth. The company's handset line brought in $39.6 billion, up 52% year-over-year, while Services turned in a $17.5 billion performance to leapfrog 33% over 2020's results.

Revenue from iPad and Mac sales also grew as the work-from-home trend continued. Apple's iPad segment brought in $7.4 billion, while Mac drew $8.2 billion. The catchall Wearables, Home, and Accessories segment rose 36% to end the June quarter at $8.8 billion.

During a conference call in July, Maestri said Apple anticipated double-digit growth for the fourth quarter, but noted revenue would likely be lower on a sequential basis due to exchange rate headwinds, a return to typical services growth following COVID-19 lockdowns and supply constraints for iPhone and iPad.

AppleInsider will be covering the fourth quarter earnings call live starting at 2 p.m. Pacific.

Read on AppleInsider

Comments

  • Reply 1 of 2
    They always do these calls right after something big has been announced. My bet is that they have just finished recording the October event and that it is set for Tuesday, 26th of October, two days before the investor call.
    fastasleep
  • Reply 2 of 2
    MacProMacPro Posts: 19,410member
    I bet Apple bought a sh!t load of AAPL stock back yesterday.
Sign In or Register to comment.