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How Apple Views Fiscal 1Q18

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Dec. 4 2020, Updated 10:42 a.m. ET

Apple expects record revenues in fiscal 1Q18

Apple (AAPL) expects to post record revenues in fiscal 1Q18, which coincides with the holiday quarter of 2017. Apple expects revenues of $84.0 billion–$87.0 billion with a gross margin of 38.0%–38.5%. The company expects operating expenses of ~$7.7 billion–$7.8 billion in fiscal 1Q18.

In fiscal 1Q18, Apple generated revenues of $78.4 billion. Apple expects the iPhone X and other recently launched devices such as the iPhone 8 and 8 Plus to drive revenues in fiscal 1Q18. Fiscal 4Q17 saw Apple’s revenues grow in every business segment.

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How do analysts view Apple?

In fiscal 1Q18, analysts expect tech (QQQ) giant Apple (AAPL) to post revenues of ~$85.3 billion, with a high revenue estimate of ~$100.3 billion and a low estimate of ~$78.2 billion. If Apple posts revenues of $85.3 billion in fiscal 1Q18, it would mean a YoY (year-over-year) rise of 8.9%.

Analysts expect earnings per share (or EPS) of $3.77 for Apple in fiscal 1Q18, with a high earnings estimate of $4.86 and a low estimate of $3.34. If Apple meets analyst earnings estimates of $4.86 in fiscal 1Q18, it would mean a YoY rise of 12.2%. Analysts expect Apple’s revenues to rise 17.4% YoY in fiscal 2018 to ~$266.9 billion.

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