What to expect from Apple’s earning report tomorrow

“Tech giant Apple is scheduled to report fiscal-first-quarter (ended Dec. 29) financial results after the market closes on Tuesday,” David Marino-Nachison writes for Barron’s.

“Wall Street is looking for quarterly earnings of $4.17 per share using standard accounting methods, or $4.21 without them, on revenue of $84 billion, according to FactSet,” Marino-Nachison writes. “In the year-ago quarter, the company reported EPS of $2.07 using both standard and nonstandard accounting, on revenue of $88.3 billion.”

Marino-Nachison writes, “A conference call is scheduled for 5 p.m. E.T. on Tuesday.”

Read more in the full article here.

MacDailyNews Note: In the now infamous “Letter from Tim Cook to Apple investors,” January 2, 2019, Apple CEO Cook stated the following guidance:

• Revenue of approximately $84 billion
• Gross margin of approximately 38 percent
• Operating expenses of approximately $8.7 billion
• Other income/(expense) of approximately $550 million
• Tax rate of approximately 16.5 percent before discrete items

We expect the number of shares used in computing diluted EPS to be approximately 4.77 billion.

As usual, we will bring you Apple’s results and the all-important Q219 guidance as soon as they are released, right around 4:30pm ET tomorrow, January 29th and follow up with live notes from Apple’s conference call will analysts starting at 5pm ET.

Apple CEO Tim Cook issues public letter to investors, lowers guidance – January 2, 2019


  1. Despite all of Tim Cook’s cries for security and privacy, Facebook will likely outperform Apple by a wide margin in terms of share gains. Apple needs to focus on projects that will actually help increase Apple’s value instead crusading over topics very few consumers have concerns about.

    Big investors will continue to stick with Facebook, no matter how many data breaches occur. Facebook is quite profitable from harvesting user data and that’s all that matters to big investors. On the other hand, Apple shareholders are going to get hit again when Apple misses expectations. It’s clearly impossible to sell more iPhones based on such intangibles as security and privacy.

    Good luck to fellow Apple shareholders. Let’s hope Apple doesn’t end up like NVidia on earnings. Apple attempting to hide declining iPhone unit sales from analysts isn’t going to help loyal shareholders.

  2. Analysts are already trying to undermine Apple Services so don’t count on that supporting Apple’s share price. As Services seem to be loosely tied to iPhone unit sales, any drop in iPhone sales will supposedly pull down Services revenue and growth. I don’t necessarily see it that way since it would depend on what additional services Apple could provide to the current user base, but analysts see things negatively for Apple’s Services revenue. It seems like a no-win situation for Apple, as usual.

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