Apple Q4 2019 Earnings Call Slated for 30th October: iPhone 11 Revenue Growth Likely

Apple will report its Q4 2019 earnings on October 30th. With the launch of the new iPhone 11 line, this quarter has seen a substantial growth in revenue over Q3.

Apple is all set to report its Q4 earnings later this month on October 30th, 2019. Apple’s investor relations page was updated recently with the schedule for their investor conference call. It is set to start at 2 PM Pacific Time on the 30th. There’s a webcast link as well for the public to tune in live. While the call itself is scheduled for 2 PM, Apple will release earnings in a report half an hour prior.

Apple’s Q3 Earnings call had been on July 30th. Things looked great then for the world’s most valuable company. They reported a profit of $10.04 billion on $53.8 billion revenue. What is likely to be announced at the Q4 2019 Earnings call? Apple themselves have provided some forecasts.

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Apple Revenue is Likely Higher in Q4 than in Q3

Revenue in Q4 looks to be on the upturn, with between $61 billion and $64 billion earned. Gross profit is expected to be in the 37.5 to 38.5 percent. Meanwhile, operating expenses are relatively low at between $8.7 and $8.8 billion. The company will be taxed at a rate of approximately 16.5 percent.

Why is Apple revenue doing so much better this quarter than the last? This has to do with the arrival of the iPhone 11 and iPhone 11 Pro series in the last week of the quarter. The new iPhones had a very strong launch.

The iPhone 11 series has been very well received. The triple camera setup on the iPhone 11 Pro and 11 Pro Max is a large step up in camera quality. Moreover, the A13 SoC is a strong performer, delivering numbers on par with or better than the A12X. This quarter also saw a realignment of Apple’s iPad strategy, with the arrival of iPadOS.

While Apple hasn’t disclosed numbers on units sold, it’s evident that launch-day iPhone sales contributed strongly to bolstered revenue. Sales of new products like the fifth-generation Apple Watch are also contributing factors. The new Watch features an always-on display for the first time. This is a critical element that’s been lacking in the line so far.

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What’s especially remarkable is that this growth has taken place in spite of the ongoing trade war between the US and China. Apple has evidently been able to leverage its strong, vertically integrated supply chain. This has ensured that consumers haven’t been hit hard by price hikes while allowing Apple’s bottom line to also remain largely unaffected.

Jignesh Padhiyarhttps://www.igeeksblog.com
Jignesh Padhiyar is the co-founder of iGeeksBlog.com who has a keen eye for news, rumors and all the unusual stuff that happens around Apple products. During his tight schedule, Jignesh finds some moments of respite to share side-splitting contents on social media.
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