19.04.2019 00:36:00

Apple Earnings: Why I'll Be Watching Guidance

When Apple (NASDAQ: AAPL) reports its fiscal second-quarter results later this month, iPhone revenue and total revenue will be two of the most closely watched metrics. The quarterly update follows Apple's fiscal first-quarter flop, which included revenue that was nearly $7 billion lower than management's initial guidance for the period. The shortfall, Apple said, was a result of weaker-than-expected iPhone revenue.But an additional metric may be just as telling when it comes to analyzing the health of Apple's business as well as the prospects for its eventual return to growth. Management's revenue guidance for its fiscal third quarter will give insight into whether the tech giant's declining revenue is moderating. Will Apple guide for another meaningful year-over-year decline? Or could revenue finally be trending closer to breakeven when compared with the year-ago period?Apple CEO Tim Cook. Image source: Apple.Continue reading
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