Reminder: Apple to Announce Q1 2020 Earnings on January 28

[MacRumors]

As a reminder for anyone who may have missed the announcement during the holidays, Apple revealed that it will share its earnings results for the first quarter of its 2020 fiscal year on Tuesday, January 28.

The financial report should be released at 1:30 p.m. Pacific Time on that day as usual, followed by a conference call with Apple CEO Tim Cook and Apple CFO Luca Maestri at 2:00 p.m. Pacific Time that will be streamed live on Apple's website. Cook and Maestri will discuss the results and field questions from analysts.

Apple's guidance for the quarter, which ran September 29 through December 28 of 2019:

• revenue between $85.5 billion and $89.5 billion
• gross margin between 37.5 percent and 38.5 percent
• operating expenses between $9.6 billion and $9.8 billion
• other income/(expense) of $200 million
• tax rate of approximately 16.5 percent

By comparison, Apple brought in revenue of $84.3 billion in Q1 2019, despite issuing a rare earnings warning due to declining iPhone sales at the time. The company's all-time quarterly revenue record is $88 billion in Q1 2018.

Apple's earnings results will provide some insight into how well the latest iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max models sold during the holiday shopping season. The devices became available to purchase in stores on September 20 in many countries, nine days before the quarter began.

Apple's services and wearables categories have also been growing for several quarters, so investors will look to see if that trend continues.

(Thanks, Leonard!)

Article Link: Reminder: Apple to Announce Q1 2020 Earnings on January 28

 

[DocMultimedia]

As always, I'll be listening since the vast majority of my holdings are AAPL. I wish they would announce their yearly dividend increase on this earnings call, but that isn't announced until their board meeting. Or bored meeting. One of those two things.

Go $AAPL, show me the money!

 

[PickUrPoison]

Expecting highest all-time revenue for the quarter. $90 billion? Possibly.

 

[Baymowe335]

We've had a huge run up before earnings. We need a stellar report to hold on to these gains.

I'm expecting over $90B and record EPS of course.

 

[Crzyrio]

As always, I'll be listening since the vast majority of my holdings are AAPL. I wish they would announce their yearly dividend increase on this earnings call, but that isn't announced until their board meeting. Or bored meeting. One of those two things.

Go $AAPL, show me the money!

They usually announce that their First Quarter (Next one)

 

[Cosmosent]

Where in its Earnings Releases, is Apple specifying "the Cost to the Company" of the Used, Traded-In iPhones & iPads ?

As a reminder, OR for those who are UN-aware, Apple records the List Price when they sell an iPhone OR iPad.

That's what they include in Reported iPhone AND iPad Revenue.

Tim Cook has publicly stated fairly-recently that one-third of ALL new iPhone sales included a Trade In.

Anybody know the Answer to the Question ?

My guess is that Apple includes it in SG&A, & that they are doing so to "hide" the cost.

The gist of this is that what Apple reports as "Reported iPhone Revenue" is the full list price, but for CY2019, one-third of the sales included a hidden cost to the company, that is very-likely intentionally buried in SG&A.

This strategy clearly has the affect of boosting the Reported iPhone Revenue, starting Jan 2019, when Apple boosted its Trade In Program.

 

[Baymowe335]

As always, I'll be listening since the vast majority of my holdings are AAPL. I wish they would announce their yearly dividend increase on this earnings call, but that isn't announced until their board meeting. Or bored meeting. One of those two things.

Go $AAPL, show me the money!

Buybacks > Dividends.

 

[realtuner]

Where in its Earnings Releases, is Apple specifying "the Cost to the Company" of the Used, Traded-In iPhones & iPads ?

As a reminder, OR for those who are UN-aware, Apple records the List Price when they sell an iPhone OR iPad.

That's what they include in Reported iPhone AND iPad Revenue.

Tim Cook has publicly stated fairly-recently that one-third of ALL new iPhone sales included a Trade In.

Anybody know the Answer to the Question ?

My guess is that Apple includes it in SG&A, & that they are doing so to "hide" the cost.

The gist of this is that what Apple reports as "Reported iPhone Revenue" is the full list price, but for CY2019, one-third of the sales included a hidden cost to the company, that is very-likely intentionally buried in SG&A.

This strategy clearly has the affect of boosting the Reported iPhone Revenue, starting Jan 2019, when Apple boosted its Trade In Program.

What are you mumbling about?

 

[44267547]

Expecting a healthy report from Apple. (As usual.)

[Oh, thanks for the awesome new ‘Apple’ avatar Macrumors. 😁]