Apple to reveal Q3 2019 earnings on Oct. 30

Posted:
in AAPL Investors edited September 30
Apple is scheduled to announce quarterly earnings for its fourth fiscal quarter of 2019 on Oct. 30, with CEO Tim Cook and CFO Luca Maestri expected to once again join analysts on a conference call after markets close.

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The upcoming conference call was announced in an update to Apple's Investor Relations webpage on Monday.

While not confirmed, Cook and Maestri are anticipated to be present on the call, which is expected to bring word of Apple's segment financials for the three-month period ending in September. The call should cover key performance metrics for the quarter, including early launch month results of Apple's most important product, iPhone.

Apple no longer reports unit sales of its major product lines -- iPhone, Mac and iPad -- but it does provide revenue breakdowns for each. The company also presents financial metrics for key segments like wearables and services, the latter of which has been on a tear over the past two years.

Apple raked in $53.8 billion over the third quarter, up slightly from $53.3 billion in 2018. The company predicted revenue between $52.5 billion to $54.5 billion. Notably, iPhone revenue was down 13% year-over-year at $26 billion, with handset sales accounting for less than half of total income for the first time in years.

A bump in Mac and iPad sales, along with a major $1.8 billion year-over-year boost in wearables and accessories, made up for the decline in iPhone. Services again saw massive growth and ended the quarter up $1.3 billion from the same period in 2018.

"This was our biggest June quarter ever -- driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends," Cook said of Apple's third quarter results. "These results are promising across all our geographic segments, and we're confident about what's ahead."

Along with iPhone 11 and 11 Pro, Cook and Maestri might touch on Apple Card in the coming conference call, as the credit card saw release in August. Also on the table for discussion is early reception of Apple Arcade, a new subscription gaming service that debuted alongside iOS 13 in September.

Apple is forecasting revenue between $61 billion and $64 billion for the fourth quarter. Operating expenses are expected to fall between $8.7 billion and $8.8 billion.

AppleInsider will provide full coverage of the earnings call on Wednesday, Oct. 30, starting at 2 p.m. Pacific, 5 p.m. Eastern.

Comments

  • Reply 1 of 6
    4th quarter should be strong. The first quarter with the holidays, debut of Arcade and Apple TV+, should be a set up for two great back-to-back quarters. 
    MacPro
  • Reply 2 of 6
    As long as the analysts are happy, that's all that matters...
    ramanpfaff
  • Reply 3 of 6
    dedgeckodedgecko Posts: 118member
    Bombdoe said:
    As long as the analysts are happy, that's all that matters...
    LOL the analysts don’t care. They are paid to prop up their respective company’s interest in AAPL. AAPL is the gift that gives to Wall Street whether it’s going up or down. 
  • Reply 4 of 6
    mobirdmobird Posts: 316member
    Maybe they can discuss their current "hobby", the HomePod... :*
  • Reply 5 of 6
    Just keep AAPL in the non-negative world. 
  • Reply 6 of 6
    The best revenue ever for this quarter was 2018 and came in at $62.9 billion. There’s every chance this quarter will print a record revenue.

    Apple truly deserves that $1 trillion market cap. Not nearly so sure about the other one....
    lkrupp
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