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Apple cuts 1Q Rev. guidance, Apple sees 1Q Rev. About $84B, est. $91.3B
*APPLE CUTS 1Q REV. GUIDANCE
— theopeninterest (@Theopeninterest) January 2, 2019
*APPLE SEES 1Q REV. ABOUT $84B, EST. $91.3B
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Apple: "China’s economy began to slow in the second half of 2018...GDP growth during the September quarter was the second lowest in the last 25 years. We believe the economic environment in China has been further impacted by rising trade tensions with the United States. "
— Cullen Roche (@cullenroche) January 2, 2019
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Letter from Tim Cook to Apple investors
Today we are revising our guidance for Apple’s fiscal 2019 first quarter, which ended on December 29. We now expect the following: Revenue of approximately $84 billion Gross margin of approximately 38 percent Operating expenses of approximately $8.7 billion Other income/(expense) of approximately $550 million Tax rate of approximately 16.5 percent before discrete items We expect the number of shares used in computing diluted EPS to be approximately 4.77 billion. Based on these estimates, our revenue will be lower than our original guidance for the quarter, with other items remaining broadly in line with our ... (full story)
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