The Tech Media Minute: Apple to Announce iPhone Sales for Third Quarter of FY 2016
We’ll find out later today, July 26, how many iPhones Apple sold between April and June. Until then, T-Mobile customers might want to watch a video or two from Apple Music.
Top news stories
Apple likely to announce another lackluster quarter due to declining iPhone sales
Cupertino will announce the company’s FY 2016 third quarter results at 2 p.m. EDT. The market expects to see a year-over-year revenue decline due to declining iPhone sales, according to The Wall Street Journal.
According to 30 estimates collected by FactSet, analysts are forecasting iPhones sales of 40 million units during the June quarter, down 16 percent from a year earlier. If correct, this would be the second consecutive quarter where iPhone sales have dropped compared to the year before.
Find more statistics at Statista
In the second fiscal quarter of 2016, Apple recorded $50.6 billion in revenue and $10.5 billion in profit. That’s compared to $58 billion in revenue and a $13.6 billion profit in the same quarter last year.
The earnings drop was due in large part to the iPhone. During the second quarter, Apple sold 51.2 million handsets, 10 million fewer than in the same quarter of 2015.
For the June quarter, analysts expect Apple to announce revenue of $42.1 billion, compared with $49.6 billion reported a year earlier.
See also: Apple’s iPhone Sales May Soon Top the 1 Billion Mark.
Apple Music added to T-Mobile’s Bing On Program
On Tuesday, T-Mobile announced it has added Apple Music and 15 other streaming video providers to its Bing On program. In doing so, customers on a qualifying Simple Choice plan can stream unlimited 480p video from dozens of partnered services without any of the data consumed counting towards their monthly data bucket.
New Bing On partners now include ABC, Apple Music, Big Ten Network, CEEK VR, DISH Anywhere, Disney Channel, Disney Jr., Disney XD, D-PAN.TV, DramaFever, FOX NOW, FXNOW, NAT GEO TV, Shalom World, Sioeye, and Tubi TV.
With these latest additions, Bing On now has more than 100 partnered services, including Netflix, HBO Now, and Hulu.
On this day
Today, July 26 is All or Nothing Day and Aunt and Uncle Day.
Rewind: On this day in 1775, Benjamin Franklin became the first Postmaster General of the United States. In 1952, Mickey Mantle hit his first baseball grand slam.
Extra reading
Looking for more to read? We’ve got you covered:
- Amazon Testing Delivery Drones in UK, PC Magazine
- The Inside Story Of ‘Pokémon GO’s’ Evolution From Google Castoff To Global Phenomenon, Forbes
- It Sure Looks Like Apple Is Getting Really Serious About Its Car Project, Vanity Fair
Want even more? Check out Tech Media Extra.
The Tech Media Minute is published Monday through Friday on AppAdvice to highlight the biggest stories in technology.
