Categories Earnings, Technology, U.S. Markets News

Apple sets Jan 29 for Q1 2019 earnings call

Following one of the worst market routs in its history, Apple (AAPL) is scheduled to conduct the first quarter 2019 earnings conference call on Tuesday, January 29, at 5:00 pm Eastern Time.

Apple updated its investor relations page last Wednesday with the conference call details. Apple chief Tim Cook’s presentation may be accessed here on the aforementioned date.

Here are the key highlights from the first quarter 2018 earnings results in comparison with the analysts’ expectations for the first quarter 2019, which are given in brackets.

Revenue – $88.3 billion ($91.49 billion)

EPS – $3.89 ($4.65)

Apple Q4 2018 Earnings Infographics

Apple fourth quarter 2018 Earnings Infographic

The iPhone maker expects revenue of about $84 million during the first quarter of fiscal 2019 and gross margin of about 38%. Operating expenses are anticipated to be about $8.7 billion and other income is predicted to be about $550 million.

The tech giant’s results have been impacted by different timing of iPhone launches, foreign exchange headwinds, supply constraints, and economic weakness in certain emerging markets. In spite of these challenges, the performance could show remarkable strength in many areas such as active devices and non-iPhone businesses. The company will exit the quarter with about $130 billion in net cash.

This will also be the first quarter when Apple won’t be giving out its unit sales figures.

Also read:

AAPL Historical Earnings Call Transcripts

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