Apple plans present your first fiscal quarter results (the last quarter of the calendar year) next January 29. This statement by Apple executives is especially relevant when the share value has fallen more than 30% since September and iPhone sales forecasts are confirmed by Tim Cook himself, that they will be more lower than budgeted.
This presentation will be held on January 29 at 2 in the evening in US West Coast time. In Spain, we will hear the results starting at 23 p.m. The call states that the CEO of Apple, Tim Cook and the chief financial officer Luca Maestri, participate in the presentation of results. A downward correction of the company's revenue figure is expected. It is analyzed from this moment in which amount this income figure will be affected.
The last figure presented by Apple in this regard, was to reach the figure of 84.000 million in revenue in the first quarter. Let us remember that it is the most important for the company when collecting Christmas sales. In any case, the previous budget estimated the sales of this period in a range between the 89 and 93 billion.
According to analysts, this decline is caused by largely due to the drop in sales in China, in part because of the trade war between the US and China. This statement comes from Tim Cook himself:
Lower-than-anticipated iPhone revenue, primarily in China, accounts for our entire revenue shortfall in our budget, and a total revenue decline relative to prior years
In its annual budget Apple could not foresee the commercial tension between the two large countries, which directly affects companies like Apple that need perfect harmony in both markets. Other factors, such as low cost battery change, would be delaying the replacement of the iPhone with new models.
We are looking forward to the presentation of results, which involves lower the forecast for the first time in 15 years.
