LIVE: Will Apple’s First Decline in Profit in 10 Years Mean Anything?
It is predicted that on today’s earnings call Apple will make history with its biggest second-quarter sales yet, and log its first decline in profit in 10 years. Analysts anticipate in today’s second-quarter earnings report Apple to post earnings of $10.12 per share on sales of $42.6 billion. That’s down from earnings of $12.30 per share, and up from the $39.2 billion in sales from the same quarter a year ago. You’d have to go back to 2003 to find an earnings report when Apple posted a decline in profit from the previous year’s quarter.
On today’s Live NewsDesk Show with Kristin Feledy (see live stream below) we’ll be hearing from SiliconANGLE Senior Managing Editor Kristen Nicole. What are analysts attributing the year-over-year decline in profits to? How does the distinction as a hardware company vs. a software-hardware hybrid change the way in which investors view the company? Do you think Apple should be identified as a hybrid company? And if they are identified in this way how might it change the way the market interprets Apple’s earnings reports in the future?
Tune in every morning at 9:15 am EST for live broadcasts of the day’s top news in tech.
Image credit: Slashgear
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.
