Apple Beats Estimates, Sees iPhones Sales Decline

Apple on Tuesday reported revenue of $42.4 billion for the June quarter, the company’s 3rd fiscal quarter. That included earnings of $7.8 billion, or $1.42 earning per share (EPS). Those results were down from the year ago quarter of $49.6 billion in revenue and $10.7 billion in earnings. It was within Apple’s own guidance of $41 to $43 billion, and earnings beat analyst expectation.

AAPL Q3 Earnings Report Set for Tuesday Afternoon

Apple’s 2016 third fiscal quarter earnings report is scheduled to start this afternoon after the market closes. This quarter will include iPhone SE sales, and analysts will be watching closely to see if the company’s smartphone numbers show a year-over-year decline for a second quarter. The Mac Observer will be here to bring you the latest news and analysis from the event, so be sure to follow along with us this afternoon.

Report Says iPhone 7 May be Called iPhone 6SE

Since this fall’s iPhone is expected to stick with the same body design as the iPhone 6 and iPhone 6s a new report claims instead of iPhone 7 Apple will call the new model iPhone 6SE. The source for the next iPhone’s name comes from supply sources in China, and doesn’t seem like a good fit considering Apple already sells an iPhone SE.