Apple to share Q1 2019 earnings results on January 29, following revenue guidance cut
Following the news of Apple’s lowered first fiscal quarter revenue guidance for 2019 earlier today, the company has announced within an update to its investor relations webpage that it will share its earnings for the first fiscal quarter of 2019 on Tuesday, January 29.
Apple has said it now expects to report $84 billion in revenue, down from its earlier prediction of between $89 billion and $93 billion, and gross margins of approximately 38 percent, down from between 38 percent and 38.5 percent.
As confirmed by Apple following its previous Q3 financial earnings call, the company will stop sharing specific sales data for the iPhone, iPad and Mac, a move believed to be due to Apple’s decreasing unit sales, but increasing average selling prices (ASPs).
Following tradition, Apple executives Tim Cook and CFO Luca Maestri will likely be taking part in a Q&A with investors and members of the media shortly after the official earnings call has finished, a live session which usually reveals facts from inside Apple alongside giving us all a small glimpse into what the company has planned for the upcoming year.