1:15 p.m. PST: Only Apple left now! The markets did not love Apple's earnings report, but I suspect that a lot of it has to do with the spike in share price during the trading session that set the bar too high. Quote . The countdown to Apple ’s first earnings report of 2020 is officially on. Tim seems to point at lack of new iPhone as primary reason for soft revenue numbers in China. Learn more. Here's a word from one of Apple Maven's sponsors, Storm-Resistant Growth: Looking to build a killer portfolio? Apple reported strong iPhone, iPad, and Mac computer sales for the fourth quarter of 2020, its fiscal first quarter of 2021. Tim Cook should be next, then CFO Luca Maestri. Here's a word from a sponsor: I have been impressed with the breadth and depth of information on markets, stocks and ETFs that this Stock Rover provides. October 29 is "Super Thursday", and four of the five FAAMG stocks will report calendar third quarter results, including Apple. 2:04 p.m. PST: Time for disclaimers. The bank, broker, or other organization that holds your Apple shares will be issuing proxy materials to you that will include a unique control number. 2:03 p.m. PST: The call should have started, but we seem to have some technical difficulties in Cupertino. 1:51 p.m. PST: Also worth noting: gross margin expanded by about 20 basis points, but op income dropped -5% due to some rich R&D and admin expenses. Numbers are pouring in! In the fourth quarter of its 2020 fiscal year, Apple’s earnings per common share (diluted) stood at 0.73 U.S. dollars. 1:43 p.m. PST: Here is the segment revenue growth breakdown for fiscal 4Q: 1:45 p.m. PST: A few more interesting data points: 1:46 p.m. PST: the iPhone was the only segment to lag analyst estimates. Let's take one last five-minute break before the report comes out. However, Apple's management team seems very confident that softness came primarily from the timing of the iPhone 12 launch. 12:00 p.m. PST: We are only one hour away from the closing bell and uninterrupted coverage of Apple's earnings day! Tim Cook says "nothing to announce", but sees that consumers like to pay monthly for hardware. Also, the supply is constrained on Mac, iPad and Watch, to an extent. 2:37 p.m. PST: Luca reminds the Deutsche Bank analyst on the delayed timing of the iPhone Pro Max release, which clearly should be a negative factor in the year-over-year comparison. 2020 has been a year unlike any other in so many ways. 2:29 p.m. PST: Looking at the cash flow statement, Apple produced $80 billion in cash from ops in fiscal 2020. Down -3%, per Yahoo Finance. Since the App Store launched in 2008, developers have earned over $155 billion, with a quarter of those earnings coming from the past year alone. 2:19 p.m. PST: CFO Luca Maestri is now speaking! The time has come! Apple typically provides quarterly guidance although there's some speculation it won't this time around because of limited visibility, but the revenue consensus stands at $51.61 billion (down 4%). The tech giant just put a date to its fiscal first-quarter earnings release: Jan. 28. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. 2:48 p.m. PST: Quick pause for my "impressions": the earnings call has had a positive tone, but few specifics. Leave a comment below! Probably not, but who knows... 2:15 p.m. PST: Tim Cook shifts to the new Watch, which was launched in September. Streaming to Apple TV via AirPlay requires an Apple TV (2nd generation or later) with the latest Apple TV software or tvOS. Facebook $FB climbed some +4.9%, while Amazon $AMZN lagged at +1.5%. 2:39 p.m. PST: Question on Apple One, and why not apply the same bundling concept to hardware. 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