Apple (AAPL) Lowers Q1 Guidance
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Letter from Tim Cook to Apple Investors
January 2, 2019 4:32 PM ESTCUPERTINO, Calif.--(BUSINESS WIRE)-- Apple® today issued the following public letter to investors:
To Apple investors:
Today we are revising our guidance for Apples fiscal 2019 first quarter, which ended on December 29. We now expect the following:
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 itemsWe expect the number of shares used... More
