The financial report should be published at 1.30 p.m. Pacific time as usual that day, followed by a conference call with Apple CEO Tim Cook and Apple CFO Luca Maestri at 2:00 p.m. Pacific Time, which is broadcast live on the Apple website. Cook and Maestri will discuss the results and field questions from analysts.
Apple’s forecast for the quarter from September 29 to December 28, 2019:
- Revenue between $ 85.5 and 89.5 billion
- Gross margin between 37.5 and 38.5 percent
- Operating costs between $ 9.6 billion and $ 9.8 billion
- Other income / (expenses) of $ 200 million
- Tax rate of approximately 16.5 percent
In comparison, Apple achieved in the first quarter Revenue of $ 84.3 billion in 2019, though a low-income warning was issued back then due to declining iPhone sales. The company's previous quarterly revenue in the first quarter of 2018 was $ 88 billion.
Apple's earnings results will provide insight into sales of the latest iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max models during the Christmas shopping season. The devices were commercially available in many countries nine days before the start of the quarter.
The Apple categories "Services" and "Wearables" have also grown for several quarters. Therefore, investors will check whether this trend continues.
(Thank you, Leonard !)