Apple Shares Financial Data
Companies share their financial data with the public at the end of each fiscal quarter. Apple announced its earnings for the third fiscal quarter on July 30, and is now preparing for the fourth fiscal quarter. Apple announced the date to announce data on earnings.
The date for Apple earnings
Apple announced its third quarter financial data on July 30th. The company, which generated $ 53.8 billion in revenue, announced a profit of $ 10.04 million. The company also shared its forecasts for the fourth quarter of the year.
The Apple earnings will be officially announced in a live broadcast on October 30th. However, the company’s projections are as follows:
- Income between $ 61 billion and $ 64 billion
- Gross profit margin between 37.5 percent and 38.5 percent
- Operating expenses between $ 8.7 billion and $ 8.8 billion
- Other revenues of $ 200 million
- 16.5 percent tax rate
Whether the company will meet expectations will be determined at the end of the month. However, the eyes of course are turned to the latest iPhone models. The latest financial data covers the first days of the iPhone 11 family. Accordingly, Apple is expected to comment on the market, but we can say that no sales report will be released. We will begin to see the impact of the iPhone 11 on Apple’s sales in the 2020 fiscal year.
Data on other iPhone models will be revealed once again with the results of the last quarter.
As in every quarter, Apple will announce its earnings to the public in this quarter.