Apple to report FY 18 Fourth Quarter Results on November 1, 2018

Apple has announced that it will report FY 18 Fourth Quarter Results on Thursday, November 1, 2018.

Apple 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 iPhone X maintained its spot as Apple’s most popular iPhone model, driving the smartphone’s average selling price to $724.

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.

A conference call will be webcast as normal on Thursday, November 1, 2018 at 2:00 p.m. PT / 5:00 p.m. ET and you can listen here.

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