Apple to give first glimpse at iPhone X sales with Q1 2018 earnings on Feb. 1

Posted:
in AAPL Investors
In what is expected to be Apple's biggest and most profitable quarter ever, the company will report the results of its first fiscal quarter of 2018 after markets close on Thursday, Feb. 1.




A conference call to reveal the results of fiscal year 2018's first quarter will take place at 2 p.m. Pacific, 5 p.m. Eastern.

In addition to potentially being a record breaking quarter, investors will also be particularly interested in the results, as it will mark the first time Apple has given any indication as to how the iPhone X is performing. The flagship handset went on sale in early November, meaning the just-concluded December quarter included the device's launch.

Apple's own guidance for the December quarter calls for revenue to reach between $84 billion and $87 billion. For comparison, Apple's first fiscal quarter of 2017 saw it generate $78.4 billion in revenue.

On the strength of the trio of iPhone X, iPhone 8 Plus and iPhone 8, Wall Street analysts believe that total sales could exceed 80 million units for the first time ever. The company's previous record of 78.3 million iPhones came in the holiday 2017 quarter.

Comments

  • Reply 1 of 4
    k2kwk2kw Posts: 1,802member
    Even though I bought an 8Plus instead, Apple should have strong YoY growth this quarter and the rest of the year because of much higher ASP.   I don’t have any idea if new users are switching to iPhone or not.
  • Reply 2 of 4
    ksecksec Posts: 1,567member
    k2kw said:
    Even though I bought an 8Plus instead, Apple should have strong YoY growth this quarter and the rest of the year because of much higher ASP.   I don’t have any idea if new users are switching to iPhone or not.
    Yes, the ASP is the key. Apple wont tell us how many iPhone X it sells, but the ASP will give us some indication.
    edited January 2018 watto_cobra
  • Reply 3 of 4
    fastasleepfastasleep Posts: 3,170member
    I loved my first X so much, I'm about to buy my second!  ...because it was stolen.
    watto_cobra
  • Reply 4 of 4
    racerhomie3racerhomie3 Posts: 1,156member
    k2kw said:
    Even though I bought an 8Plus instead, Apple should have strong YoY growth this quarter and the rest of the year because of much higher ASP.   I don’t have any idea if new users are switching to iPhone or not.
    Yes .
    Apple has managed to bring down costs in South East Asia.
    They are advertising both iPhone X & iPhone SE.
    They have partnered with Bangladesh’s largest Carrier to advertise all their phones,a first in this part of the world.
    So ,yes Apple is bringing a lot more new customers in the world.Even on the carrier website iPhone X 256 GB sold out while cheaper iPhone SE 64GB remains.
    watto_cobra
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