You are using an outdated browser. Please upgrade your browser to improve your experience.
Apple Q3 2017

Apple's Q3 2017: What to Expect From the iPhone Maker

Cupertino will announce its earnings for the latest quarter on Tuesday, Aug. 1
Apple On The Street
July 28, 2017

Apple’s Q3 2017 earnings call is scheduled to begin at 2 p.m. PDT on Tuesday, Aug. 1. Here are some numbers to consider.

$42.4 billion

In the third quarter of 2016, Apple posted quarterly revenue of $42.4 billion and quarterly net profit of $7.8 billion. That compares to revenue of $49.6 billion and a net profit of $10.7 billion in 3Q16. Gross margin was 38 percent compared to 39.7 percent in 2016. Apple’s international sales accounted for 63 percent of the quarter’s revenue.

Apple’s guidance for its fiscal 2017 third quarter is for revenue of between $43.5 billion and $45.5 billion.

40.4 million

Cupertino sold 40.4 million iPhones during the third quarter of 2016. On average, analysts see iPhone sales of 41.3 million units during the third quarter of 2017.

9.95 million

That’s the number of iPads sold during the third quarter of 2016. One year earlier, the company sold 10.25 million iPads. Analysts expect iPad sales to fall once again year-over-year to 8.95 million units.

4.25 million

Sales for Mac fell one year ago from 5.24 million to 4.25 million units.

$5.976 billion

This number represents revenues from services generated in 2016, which was an increase of 19 percent from the year before. This includes internet services, AppleCare, Apple Pay, licensing, and other services.

$2.219 billion

Other products accounted for $2.219 billion in sales in the third quarter of 2016. This number stood at $2.641 billion in 2015. Includes sales of Apple TV, Apple Watch, Beats products, iPod, and Apple-branded and third-party accessories.

Apple’s Q2 2017 earnings call will take place on Tuesday, Aug. 2 at 2 p.m. PDT. You can access it via audio webcast at this link. Live streaming uses Apple’s HTTP Live Streaming (HLS) technology. HLS requires an iPhone, iPad, or iPod touch with Safari on iOS 7.0 or later, a Mac with Safari 6.0.5 or later on OS X v10.8.5 or later, or a PC with Microsoft Edge on Windows 10.