Earlier today Apple notified the Financial Community that they’ll be holding their Financial Conference Call on Tuesday, January 28, 2020 at 2:00 p.m. PT / 5:00 p.m. ET. Last quarter Apple posted Apple posted the highest ever Q4 revenue.
Apple started Q1 2020 with a stock price of US$224.59/share on October 1 and ended the quarter with their stock hitting US$293.65 on December 31. Today we reported that the entry iPhone 11 being the number one selling smartphone in the US in December with all four carriers.
Our report also noted that the number one iPhone in activations between December 25 through to December 31 was the entry iPhone 11. While that may not guarantee a knock-out quarter, it’s a positive sign that they’re likely to hit their guidance as presented below.
Apple’s Guidance for its Fiscal 2020 First Quarter:
Apple’s CFO, Luca Maestri, provided the investor community with guidance for Apple’s Q1 2020 covering October-December back on October 30 as follows:
- revenue between $85.5 billion and $89.5 billion
- gross margin between 37.5 percent and 38.5 percent
- operating expenses between $9.6 billion and $9.8 billion
- other income/(expense) of $200 million
- tax rate of approximately 16.5 percent
The guideline is what financial analysts and shareholders will be looking for when Apple reports and hopefully they’ll be able to hit the high-end of their revenue guidance.
On another note, Apple posted a notification stating that advance registration is required for those wanting to attend the 2020 annual Shareholders Meeting. Details could be found on Apple’s investor relations web page here.