Apple will release its Fiscal Year 2015 Q3 earnings today after the markets close.
Is Apple going to report stellar quarterly results today? There is no reason to believe otherwise, but that can be a problem for Apple. Everyone expects Apple to beat expectations. The stock price has risen over 12% in the past weeks and AAPL trades at $132.07 at market close yesterday.
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Q3 is a tough quarter, but all sings point towards Apple managed to turn a decent profit. It will be far from the record breaking $18 billion profit Apple reported in Fiscal Year 2015 Q1 (Q4 15).
According to CNN, analysts predict about $50 billion revenue and $10 billion net profit for Apple's Q3 fueled by 47 million iPhones sold.
The Company posted quarterly revenue of $37.4 billion and quarterly net profit of $7.7 billion in Q3 of 2014.
Apple has launched with the Apple Watch a new product in the past quarter, but is likely not revealing specific sales data. Analyst estimates on how many Apple Watch the company has sold are mostly around 3 million units. This would result in a decent amount of revenue, well over a billion.
Why is Apple not breaking out the Apple Watch sales? Tim Cook could talk Apple Watch sales. The Apple Watch is for sure the largest smart watch platform on the market. Apple has though the iPhone a far too impressive product in terms of sales. Apple does not need to highlight the sales numbers of another product.
Apple will mix in the revenue into the "other products" category where the company also adds in Beats hardware and the Apple TV for instance.
There is another new product that launched last quarter. Apple Music launched on June 30, on the last day of the quarter. The service does not play a role in the Q3 earnings numbers, but Tim Cook is still expected to talk about Apple Music in the earnings call.
Apple's conference call to discuss third fiscal quarter results is scheduled today at 2pm PT, 5pm ET.