Apple: Q1 EPS in line with expectations

(CercleFinance.com) - On Tuesday earnings Apple unveiled Q1 2018-19 (ended 29 December 2018) EPS that is up 7.
5% at a record of 4.18 dollars, one cent above the consensus.

Below its forecasts, Apple's sales fell 5% to 84.3 billion dollars, with the 15% drop in iPhone revenues having not been fully offset by the 19% increase in revenues from other products and services.

Regarding Q2 2018-19, the technology group based in Cupertino (California) said that it expects a gross margin of 37% or 38%, for revenues of between 55 billion to 59 billion dollars.


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