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.
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.