Apple (AAPL) Lowers Q1 Guidance

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Go back to Apple (AAPL) Lowers Q1 Guidance

Letter from Tim Cook to Apple Investors

January 2, 2019 4:32 PM EST

CUPERTINO, 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 items

We expect the number of shares used... More