Apple Expected To Release iPhone 7 In September and iPhone 7s in 2017

The tech giant might be bringing in some new technology to its platform; customers expected for the new features.

Apple, Inc. is expected to release its latest iPhone 7 sometime in September 2016. The Street has been mentioning some of the features that are likely to be seen in the latest smartphone y the Silicon Valley giant. The analysts and company are hopeful that the novel device will introduce some momentum in the slow year over year growth that has been happening in iPhone shipments.

According to Business Insider, a note was published by an analyst of Barclays stating that the technology giant might not be including ‘noise cancelling headphones’ with the new smartphone. This news was reported by analysts at Barclays, Blayne Curtis and Christopher Hemmelgarn. The tech organization is likely to use the basic digital codec in 2016 preparing the company to launch its lightning-connected headphones.

It is possible that Apple will completely eliminate its earphone jack due to which users will be forced to connect their headphones via Bluetooth to the device specifically through the iPhone maker’s Lightning connector. If the business were to ditch the traditional headphone jack, a number of companies as well as the organization’s suppliers would be able to benefit from it.

As per the note published by the two Barclay analysts, Apple Inc. will be including its Lightning connector headphones and give it away with the latest smartphone it will be launching in September; as for the Cirrus’ noise-cancelling technology, that will not be included in the in-box purchase till the iPhone 7s. The S series of the latest iPhone will be out sometime in 2017.

Additionally, it is expected to replace the headphone jack with a speaker, thanks to yet another of Apple’s suppliers, Cirrus Logic. After the ‘below expectations’ sales of the iPhone 6, the technology organization is going to try its best that it lives up to the expectations of its customers, investors and analysts with the launch of the 7 series.

In the upcoming year however the smartphone maker is likely to break a record with its latest noise-cancelling technology. It has managed to maintain a strong position in the market despite the fact that the smartphone market is at its saturation point now.

Presently, Apple stock is being traded at share price of $93.99 indicating an increase of 0.31% from its previous trading session. Furthermore, during the last trading session, the stock price of the tech giant was seen hit a high of $94.50 and a low of $93.01. The 52-week share price was reported to be $134.54 and the twelve month low was reported to be $92.00. The earnings per share reported by the Silicon Valley leader were $9.41 with price to earnings ratio of $9.98. The current market capitalization is of the once ‘most valuable company’ is at $522.75 billion.

Investors Pessimistic About Apple's Earnings for the Quarter

The technology giant is all set to make its earnings call tomorrow; analysts remain pessimistic.

Investors are anxiously waiting for Apple Inc. to release its earnings report for the holiday season. Analysts remain pessimistic about the financial results as they suggest that the technology giant will not be able to match or even come close to the sales of the iPhones reported in the same quarter last year. The shareholders are waiting for the million dollar question to be answered: Will the company be able to outperform its mark of 74.5 million this quarter?

Strategy Analytics along with researchers assume that the company will be report poor shipments this quarter which would be the first ever year over year decline reported by the smartphone manufacturer since 2007, when the iPhone was introduced.

The iPhone 6 and 6s have not performed comparatively well in the market; everyone would agree on that. In its effort to tap the market demand for big screens, the flagship smartphone maker has failed to give its best performance. Another reason for the poor performance of the 6 and 6s was because customers did not find any new or different features and realized that it was quite similar to the 5 series.

Apple Inc. majorly depends on the sales and performance of its iPhone as it accounts for two thirds of its revenue. This negativity can be seen in the company’s stock price; due to the demand for the product the stock has been under hot water. On Monday, Apple stock was being traded at a share price of $99.44 indicating a decline of 1.95% from a day earlier.

The latest earnings report will be the most important report that the company will release so far. The iPhone maker has seen its fair share of growth – turns out it was not there to last forever. Back in 2013 the company reported revenue generation of $57.6 billion and was expecting to report as much as $76.6 billion in revenue for the current year.

According to the estimations of financial experts, Cupertino, California based organization is expected to report revenue of $55.7 billion – the first ever decline in revenue – this could be of 4%. Because of these pessimistic predictions many investors have already sold the stock. However, the analysts, at this point say that as long as it managed to not underperform the expectations, the company should be fine.

The earnings call will be a chance for the business’s management to explain themselves and the sudden decline in the sales. Many are expecting this to be the ‘biggest event’ in the history for the technology giant. According to the analysts at Bloomberg, for the first quarter of the current fiscal year the earnings per share could be of $2.23 along with 75 million iPhone unit sales.

It could be a moment for celebration for Google Inc. if Apple reports its first year over year decline in sales as it will finally be able to take the trophy of the most valuable company. The technology corporation failed to achieve any milestones in the 2015. On the other hand, it was a shining year for the search engine giant Alphabet, Inc.  

Just a few hours left to see how the Silicon Valley leader did last quarter.