apple investor news

Apple announced the date on which the results for Q1 2019 will be announced.

Q1 earnings will be announced on January 29, 2019, with the company forecast revenue of $ 84 billion and a gross margin of 38%. Tim Cook has informed investors of the need to revise down the estimates for this first fiscal quarter of the new year and the cause is easily identified in the non-exciting sales of the new iPhone 2018 models.

Tim Cook also believes that the decline in sales is due, in addition to the different timing of the launch of the new iPhone models, to economic weakness in emerging markets such as China. The weak number of iPhone updates in some markets also impacted revenues due to a lower number of subsidies for telephone operators, as well as the not-so-expensive low-cost battery replacement program in 2018.

Remember that in the data that will be disclosed for the first time will be omitted data on the number of units sold per single device, which will make the estimate of devices sold even more difficult. All that remains is to wait until January 29 to know exactly the company’s revenues.

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