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Apple revises guidance for Q1 2019, predicts lower revenues between $5 billion and $9 billion for the quarter

For the first time in years, Apple adjusted its first-quarter earnings for the upcoming fiscal year, its 2019 estimates reading as follows: 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

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App Store Finance iPad iPhone News retail

Apple posts $62.9 billion in revenue, $14.2 billion profit for Q4 2018 quarterly report

Apple has released its Q4 2018 numbers via its earnings conference call and they look impressive. The figures, which include two weeks of iPhone XS and iPhone XS Max sales, come to $62.9 billion in revenue with a $14.2 billion profit. The company sold 46.89 million iPhones, up from the previous quarter’s 41.3 million. 9.69 […]

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Finance News

Apple to announce Q4 2018 earnings on November 1st

Apple on Tuesday announced that it would report its fourth quarter 2018 earnings on November 1st, the updated numbers including initial sales of the iPhone XS and iPhone XS Max handsets. Announced in an update to its Investor Relations webpage, Apple’s fourth quarter conference call is scheduled for Thursday, Nov.1, at 2 p.m. Pacific, 5 […]

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Finance News

Apple to hold Q4 2017 earnings call on November 2nd

Apple’s next financial earnings report is slated for November 2nd. The company announced that it will hold its Q4 2017 earnings call on November 2nd with a call following shortly thereafter at 2PM PT/5PM ET. Apple reported revenue of $45.5 billion last quarter on sales of 41 million iPhones, 11.4 million iPads, and 4.29 million […]

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Hardware Intel Mac Pro News Processors

Intel announces Xeon W processors, hints at possible hardware for next-gen Mac Pro

Intel today announced the workstation class Xeon W processors that could find their way into the next generation of Mac Pro. The new processors, which will replace the E5 and E7 series, range from Bronze, Silver, Gold, to Platinum for professional/enterprise use. They will replace the E5-1600 series that Apple has used in its Mac […]