Apple guidance revised downward. Q1 Expected Revenue $84B est. vs. $91.3B est. Stock Halted. This is not a drill.

Sharing is Caring!

via businesswire:

CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today issued the following public letter to investors:

To Apple investors:

Today we are revising our guidance for Apple’s fiscal 2019 first quarter, which ended on December 29. We now expect the following:

  • Revenue of approximately $84 billion
  • Gross margin of approximately 38 percent
  • Operating expenses of approximately $8.7 billion
  • Other income/(expense) of approximately $550 million
  • Tax rate of approximately 16.5 percent before discrete items
See also  Infertility Rate in China Rising Faster Than Expected: Report

We expect the number of shares used in computing diluted EPS to be approximately 4.77 billion.

Based on these estimates, our revenue will be lower than our original guidance for the quarter, with other items remaining broadly in line with our guidance.

See also  Americans' Expected Change In Rent Over Next 12 Months Explodes

While it will be a number of weeks before we complete and report our final results, we wanted to get some preliminary information to you now. Our final results may differ somewhat from these preliminary estimates.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.