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Quarterly figures: Apple opens the books at the end of the month

by Milan
April 8, 2020 - 11:46
in Apple News
Stock market graph and business financial data on LED. Business graph and stock financial indicators. Stock or business market analysis concept. Business financial or stock market background. Business graph on stock market financial exchange

Stock market graph and business financial data on LED. Business graph and stock financial indicators. Stock or business market analysis concept. Business financial or stock market background. Business graph on stock market financial exchange

Apple updated its investor relations website today and announced a date for the release of its second quarter figures. 

At the Apple Investor Relations The website states that the company will open its books on April 30th. The results for the second fiscal quarter (first calendar quarter) will be announced. Side note: Apple's fiscal year starts on October 1st and ends on September 30th. At the last quarterly figures release The Cupertino-based company forecast sales of 63-67 billion US dollars. However, due to the ongoing Corona crisis, Apple CEO Tim Cook had to lower the forecast reapThe first Apple Stores were closed in mainland China in February. 

On April 30 at 23:00 CEST

While these were gradually reopened in March, the company had to close the remaining locations worldwide (outside China). According to reports, a reopening will not take place before May take place. This means that the sale of products currently depends on the online shop - demand is likely to be limited, however. A drop in sales is therefore to be expected. No one can predict exactly how high this will actually be in the end. Individual analysts may dare to come out of hiding - let's wait and see. The course of this meeting is always the same. The figures are expected to be published at 11 p.m., followed by the well-known conference call, where the results are discussed and questions answered. (Photo by Phongphan / Bigstockphoto)

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Source: Investor Relations
Tags: quarterly figuresTechPatient

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