A few hours ago the company of the block announced that it will stop its activity on the stock market, lowering the expectations of its next financial results. Along with this information, Apple indicated that it will share its financial results for the first fiscal quarter of 2019 next Tuesday, January 29.
Cupertino’s firm indicated that expects revenue of $84 billion and a gross margin of 38% , falling below the guidance of $89 to $93 billion provided in November during the fourth quarter earnings call.
AppleApple stops trading and lowers expectations for its next financial results
The earnings call will provide more detailed information on Apple’s latest decision, although let’s remember that the January 29th earnings report will be the first without specific sales data for iPhone, iPad and Mac, as in November the company said it will stop providing such information.
In summary, the apple company affirmed that the slowdown in the Chinese economy, the value of the dollar and the large quantity of products launched in a short period of time are some of the main reasons why it has decided to suspend its activity on the stock exchange by blocking any purchase or sale of its shares.
In addition, Apple claims that another important reason is that iPhone XS and XS Max sales are split between this quarter and the previous fiscal quarter , while all initial iPhone X sales last year were concentrated in a single fiscal quarter. That, of course, will lead to lower sales this next quarter because some of them were already reported last November.
The financial results of Q1 2019 will be presented on January 29 and we will be able to follow them live during the Spanish night . As usual, Apple will have an official audio streaming in English, so that those interested can follow the presentation in real time.