Apple

Apple to report FY 18 Third Quarter Results on July 31, 2018

Apple has announced that it will report FY 18 Third Quarter Results on Tuesday, July 31, 2018.

Apple reported its best March quarter ever earlier this year, bringing in $61.1B in revenue on the back of 52.2 million iPhone sales and strong services growth. Notably, iPhone X handset sales drove iPhone’s average selling price to $728.30, a market increase from $655 in the second quarter of 2017.

Apple is forecasting revenue between $51.5 billion and $53.5 billion, with a gross margin of between 38 percent and 38.5 percent.

A conference call will be webcast as normal 2:00 p.m. PT / 5:00 p.m. ET and you can listen here.

 

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