Apple to reveal Q4 2018 earnings on Nov. 1
Apple on Tuesday announced plans to report quarterly earnings for the fourth quarter of 2018 at the end of trading on Nov. 1, when company executives could reveal an initial glimpse at iPhone XS and XS Max sales performance.
Announced in an update to its Investor Relations webpage, Apple's fourth quarter conference call is scheduled for Thursday, Nov.1, at 2 p.m. Pacific, 5 p.m. Eastern.
As with past earnings calls, CEO Tim Cook and CFO Luca Maestri are expected to provide detailed analysis and numbers for the three-month period ending in September. The pair will also field questions from investment analysts.
While the quarterly report is unlikely to exhibit material impact from last month's iPhone XS and Apple Watch Series 4 debut, Cook and Maestri might offer color on the new products' performance over what will be seven weeks.
The company is coming off its best June quarter ever, when it brought in $53.3 billion in revenue on the back of 41.3 million iPhone sales. With a higher mix of premium handset sales, revenue from iPhones hit $29.9 billion for the quarter, up 20 percent from $24.8 billion in 2017. The high-end iPhone X maintained its spot as Apple's most popular iPhone model, driving the smartphone's average selling price to $724.
Services also grew during the period, marking the 13th straight quarter of double-digit gains. Wearables, which includes products like Apple Watch and AirPods, grew 60 percent during the three-month period.
"Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline," Cook said at the time.
Following news of the monster quarterly performance, Apple stock prices hit $200 for the first time since it split four years ago. Apple also became the first U.S. company to reach a market capitalization of $1 trillion.
For the September quarter, Apple is forecasting revenue between $60 billion and $62 billion with a gross margin between 38 percent and 38.5 percent.
AppleInsider will offer full coverage of the earnings call on Thursday, Nov. 1, starting at 2 p.m. Pacific, 5 p.m. Eastern.
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