What you need to know
- Apple has confirmed the date of its next earnings call.
- It will announce its Q3 earnings on July 27 at 2 pm PT/5 pm ET.
Apple has confirmed its next earnings call is due to take place on Tuesday, July 27, where it will announce its financial results for Q3.
Apple's investor relations website states:
FY 21 Third Quarter Results Apple's conference call to discuss its third fiscal quarter results is scheduled for Tuesday, July 27, 2021 at 2:00 p.m. PT / 5:00 p.m. ET.
As per usual, listeners can tune in on Apple's website to listen, and the company will announce its results by press release as the call begins. Apple posted $89.6 billion in revenue for Q2 earlier this year, including all-time high revenues in services and Mac. At its call in April the company warned that supply constraints of components like chips could cost the company $3-$4 billion in sales, from the call:
We expect our June quarter revenue to grow strong double digits year over year. However, we believe that the sequential revenue decline from the March quarter to the June quarter will be greater than in prior years for two reasons. First, keep in mind that due to the later launch timing and strong demand, iPhone only achieved supply/demand balance during the March quarter. This will cause a steeper sequential decline than usual. Second, we believe supply constraints will have a revenue impact of $3 to $4 billion in the June quarter.
As noted, despite supply constraints Apple expects strong double-digit growth in the June quarter year on year but a sequential decline on the previous quarter.
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