Apple to report holiday quarter earnings on January 29 without divulging iPhone unit sales

Following Tim Cook’s unexpectedly long together with detailed opened upwards missive of the alphabet to investors in which he revised Apple’s projected profits for the lucrative vacation quarter, the fellowship said today it volition move asset a conferences telephone telephone alongside Wall Street investors together with analysts to hash out the latest quarterly profits on Tuesday, Jan 29, at 2:00pm PT / 5:00pm ET.

Anyone tin melody inwards to the conference telephone telephone webcast at Apple’s website.

The webcast requires an iPhone, iPad or iPod affect alongside Safari on iOS 10 or later; a Mac alongside Safari on macOS Sierra 10.12 or later; or a PC alongside Windows 10 together with Microsoft Edge.

Streaming to Apple TV via Apple’s AirPlay applied scientific discipline requires a second-generation Apple TV or afterward alongside the latest Apple TV or tvOS software. Users on non-Apple platforms may access the flow using recent versions of Chrome or Firefox (requires MSE, H.264 together with AAC support).

Apple ordinarily issues a press unloose announcing quarterly profits one-half an sixty minutes earlier markets closed but nosotros already know the written report volition exclude iPhone, iPad together with Mac unit of measurement sales. The Cupertino applied scientific discipline theater surprised investors during the previous quarterly profits telephone telephone yesteryear maxim it would halt reporting those unit of measurement sales going frontward for competitive reasons.

In representative you lot missed yesterday’s news, the iPhone maker spooked investors yesteryear cutting revenue guidance for the lucrative vacation quarter flavor yesteryear nearly 8 percent, which plant out to a whopping $7 billion. Tim Cook’s daze sales alarm attributes the projected revenue lady friend to headwinds inwards China, unusual telephone substitution rates, lack of carrier subsidies, US-China tensions together with the $29 iPhone battery replacement programme that ended on Dec 31, 2018.

Here’s the earlier vs. after comparison.

Apple’s Dec 2018 quarter guidance earlier yesterday’s revision:

• Revenue: $89 billion—$93 billion


• Gross margin: 38 percent—38.5 percent


• Operating expenses: $8.7 billion—$8.8 billion


• Other income together with expense: $300 million


• Tax rate: 16.5 per centum earlier discrete items

Apple’s Dec 2018 quarter guidance after the revision:

• Revenue: $84 billion


• Gross margin: 38 percent


• Operating expenses: $8.7 billion


• Other income together with expense: $550 million


• Tax rate: 16.5 per centum earlier discrete items

As you lot tin run across for yourself, nearly all of the items inwards the adjusted guidance are precisely the same or real slightly off versus before, alongside i fundamental exception—revenue. Decreasing guidance yesteryear equally much equally $7 billion is a serious together with huge lady friend no thing how you lot expression at it.

The concluding fourth dimension Apple issued an profits alarm similar this was dorsum inwards June 2002.

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