Apple To Announce Its Q3 2018 Earnings Results On July 31st

Apple announced today that it will announce its third-quarter earnings report on July 31 this year, and will be holding an investor conference call later of the day.

Apple released its Q2 18 earnings results on May 1st this year, in which the company generated $61.1 billion in revenue, $13.8 billion in profits. Sales wise, it sold 52.2 million iPhones, 9.1 million iPads, and 4.07 million Macs.

Here are the guidelines that Apple gave for 2018 Q3 Earnings Results:
  • Revenue is between $51.5 and $53.5 billion;
  • The gross profit margin between 38 and 38.5%;
  • Operating expenses range from $7.7 to $7.8 billion;
  • Other income will be totaled $400 million;
  • The tax rate is expected close to 14.5%.
What do you expect of the earnings results?

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