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What to expect from Apple’s Q3 2015 earnings call, by the numbers
Apple’s earnings call for its third quarter results from fiscal 2015 is scheduled to take place today at 2 PM PDT/5 PM EST. Below we take a look at some of the numbers you can expect to hear from Apple based on analyst expectations and look at how the June quarter is set to stack up to the third quarter from fiscal 2014.
Revenue
Analysts forecast third-quarter revenue of $49.31 billion, up from $37.43 billion Apple reported in the year-ago quarter. Apple itself forecast third-quarter revenue between $46 billion and $48 billion.
iPad sales
In a recent survey by Fortune, 25 analysts estimated Apple sold an average of 10.7 million iPads during the third quarter, down from 13.3 million iPads sold over the same period last year.
KGI analyst Ming-Chi Kuo meanwhile estimates Apple sold only 8.8 million iPads in the third quarter, marking a drop of 33.5 percent over the year-ago quarter.
iPhone sales
Continuing record iPhone sales from the first and second quarters, Kuo expects Apple to report iPhone sales of 54.2 million units – a 51 percent increase over the same period last year when iPhone sales topped 35.2 million units.
Kuo believes “robust” replacement demand for iPhone in China will result in yet another quarterly record of iPhone sales.
Apple Watch sales
Apple Watch went on sale April 10, giving it nearly a full quarter of sales, but sales estimates vary wildly. Based on a survey of 27 analysts, Fortune reports an average estimate of 4.07 million Apple Watches sold during the third quarter. Estimates from the panel range from as low as 2.85 million units to as high as 5.7 million units sold.
Kuo, by comparison, estimates Apple sold 3.9 million Apple Watches during the June quarter.
We are unlikely to see Apple Watch sales numbers from Apple as the company has said it will report the device under “other products”, combining it with sales of iPod, Apple TV, Beats Electronics and Apple-branded accessories.
Participants in Apple’s earnings call will no doubt employ all manner of verbal gymnastics to coax details about Apple Watch sales out of Apple execs – we can only hope they success somehow. Failing that, a significant increase in revenue – or lack thereof – for the “other products” line item may give us an idea about the wearable’s performance so far.
Image credit: ajouretravel | pixabay.com
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