Apple to reveal Q3 2019 earnings on Oct. 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.
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.
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
Apple truly deserves that $1 trillion market cap. Not nearly so sure about the other one....