Apple announced today that it will release its second quarter earnings on April 30th. Following the release of its Q2 2019 earnings report, Apple will hold a call with investors and analysts at 2PM PT/5PM ET.
Apple made the announcement on its Investor Relations website. The company announced its Q1 2019 results at the end of January, reporting revenue of $84.3 billion with profit of $19.97 billion. As you’ll remember, Apple had to revise its earnings guidance ahead of those results due to lower iPhone sales than expected.
Since reporting those numbers, Apple has made several changes to its iPhone pricing around the world. In China, for instance, it has dropped the price of the iPhone, while it continues to push upgrade programs to consumers everywhere.
Here is the guidance Apple provided for Q2 2019:
- Revenue between $55 billion and $59 billion
- Gross margin between 37 percent and 38 percent
- Operating expenses between $8.5 billion and $8.6 billion
- Other income/(expense) of $300 million
- Tax rate of approximately 17 percent
