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Author Topic: Apple didn't release any Q3 earnings guidance, but did give us some hints  (Read 327 times)
HCK
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« on: May 01, 2020, 04:05:20 pm »

Apple didn't release any Q3 earnings guidance, but did give us some hints

"We really didn't feel there was enough visibility and certainty to provide guidance"

What you need to know


One notable absence from Apple's Q2 earnings call was guidance for Q3.
Apple's CFO said that there was just too much uncertainty at play.
Apple did, however, note that it expects Mac and iPad to grow next quarter and iPhone and wearables to shrink.


Apple announced its Q2 earnings to the tune of $58.3 billion yesterday, however, it did not provide investors with any guidance regarding Q3.

Usually, at an earnings call, Apple would provide an estimated range regarding revenue for the upcoming quarter, based on how well (or not) it thought performance would go in Q3. As was rumored prior to the call, Apple did not provide any guidance for Q3 but noted a few trends it thought we could expect over the coming months.

Apple had previously withdrawn its guidance for Q2 in February stating:


  Our quarterly guidance issued on January 28, 2020 reflected the best information avail...

Source: Apple didn't release any Q3 earnings guidance, but did give us some hints
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