Apple earnings call, today at 2p PT / 5p ET — A few things to look for

Apple will hold their quarterly earnings call with investors and analysts today at 2p PT, 5p ET. A few links worth noting:

  • To listen to the 2Q 2018 conference call live, tune in to Apple’s official earnings call stream.

  • This article from Quartz does a nice job stepping through a variety of earnings issues, each with its own trend chart. Very easy to read, with charts that are simple enough to grasp at a glance. One chart I’d search for is a bit less than half-way down, called “Apple’s non-iPhone revenue, by quarter”. Take a look at the Services line. It’s been trending up for a long time. Services has become an important buffer for Apple growth. If that line continues to trend up, that should help take the heat off any issues with iPhone sales numbers.

  • This Bloomberg article walks through some key Apple financial specifics, folding in some links/rumors as well. But what I found most appealing was the Services bar chart as well as these six things to look for from the end of the article:

  • Analysts are looking for revenue of $61 billion in the fiscal second quarter, or 15 percent year-over-year growth, according to data compiled by Bloomberg. Earlier this year, Apple forecast sales between $60 billion and $62 billion for the period.

  • Fiscal second-quarter iPhone unit sales are expected to be 51.9 million, up from 50.8 million a year earlier, according to average analyst forecasts compiled by Bloomberg.

  • For the fiscal third quarter, analysts see 39 million iPhones sold, on average, down from 41 million in the same period of 2017.

  • The average selling price for iPhones will be $740 in the fiscal second quarter and $691 in the third, according to average analyst projections.

  • Fiscal second quarter services revenue will hit around the $8.5 billion level reported in the holiday quarter. Munster sees 18 percent to 20 percent growth.

  • Analysts are also looking for growth in Apple’s Other Products unit, which includes the Apple Watch, AirPods and HomePod.

Check your news feed at about 3p PT today. I expect it’ll be full of Apple earnings news.