Apple today updated its website to announce that it will share its earnings results for the second fiscal quarter (first calendar quarter) of 2019 on Tuesday, April 30.
Apple's second quarter earnings results will give us a look at how well Apple's products are doing following the first fiscal quarter of 2019, which saw Apple unexpectedly lower its revenue guidance due to fewer than anticipated iPhone upgrades.
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Apple has dropped prices on iPhones and other products in China and some other emerging markets, plus it has shifted towards focusing on trade-in deals and monthly payment plans that lower the cost of the newest iPhones.
Apple's guidance for the second fiscal quarter of 2019 included expected revenue of $55 to $59 billion and gross margin between 37 and 38 percent. Apple in Q2 2018 brought in $61.1B in revenue, so the company is expecting a year-over-year decline in Q2 2019 based on its provided guidance.
As announced back in November, this will be the second quarter where Apple will not provide specific unit sales data for iPhone, iPad, and Mac.
Apple's quarterly earnings statement will be released at 1:30 p.m. Pacific/4:30 p.m. Eastern, with a conference call to discuss the report taking place at 2:00 p.m. Pacific/5:00 p.m. Eastern. MacRumors will provide coverage of both the earnings release and conference call on April 30.
Top Rated Comments
Can’t innovate my ass - AirPower
That won’t happen until Tim Apple resigns
Except, there is absolutely no signs of Tim Cook resigning. He’s doing a stellar job with in Apple’s infrastructure and the company is on a huge success path, especially with growth with services. I expect Tim to remain in his position for the at least the next five years.I agree that Apple’s products are grotesquely overpriced. This is the biggest reason that their sales tanked in their first quarter. When the iPhone first emerged on the scene, there was nothing else like it, and that is why it could command a premium. Now there are very capable competitors, which will keep Apple on its toes and push innovation while sending prices lower. It is a win-win for Apple as well as their customers
No, I disagree, Apple products are not overpriced. If you need some help thinking through why the products are not overpriced, you can look at the financial statements. I think a lot of people who say “overpriced” have nothing but the retail price in mind :)If they were overpriced, their profits would suffer. Sure they could reduce hardware margins from 38% or whatever and sell for a lower retail price and sell more units and make less profit on hardware, and that could even happen, BUT, that doesn’t mean they are overpriced. Price looks to be optimized to me! $58 Billion profits last year and still increasing I think! If they were overpriced they should be in trouble, but they are not, the business is thriving and sales are brisk right?
Microsoft sold Xbox at below cost (I once heard), maybe you’d like if Apple sold at cost or below cost. It’s s different business strategy, and it would favor this current hit topic of “services” revenue growth. So you are not totally wrong maybe but I do have a feeling that most people talking about “overpriced”, really don’t have much thought behind what they say. It’s more of a “darn Lamborghini's are overpriced” kind of statement.
Please convince me that my new iPhone is “overpriced” - maybe you have some info that could convince me? I’m betting against that, but give it a whirl