Apple CEO Tim Cook arrives for Apples “The Morning Show” global premiere at Lincoln Center- David Geffen Hall on October 28, 2019 in New York.
Angela Weiss | AFP | Getty Images
Apple is set to report its first fiscal quarter earnings after the bell on Tuesday.
Here’s what Wall Street is expecting, according to Refinitiv:
- EPS: $4.55
- Revenue: $88.50 billion
- iPhone revenue: $51.62 billion
- Services revenue: $13.07 billion
- Other Products revenue: $9.52 billion
- Mac revenue: $7.15 billion
- iPad revenue: $6.70 billion
- Q2 revenue guidance: $62.45 billion
- Q2 margins guidance: 38.2%
Tuesday’s earnings report is the full quarter with iPhone 11 sales, so analysts and investors will watch closely to see how well the newest models, launched in September, are doing in the market.
The quarter ending in December is Apple’s largest annually, setting pace and expectations for the rest of its fiscal year.
But investor attention will also be focused on AirPods, if Apple’s services are showing up in the accounting, and demand in China.
Tuesday’s earnings will also be a notable milestone for a company that just over a year ago issued an unusual revenue forecast warning. Apple’s share price has more than doubled since it reported that quarter’s earnings last Jan. 29, almost exactly a year ago.
This is breaking news. Please check back for updates.
