On April 30, Apple will release its second quarter results at around 10:30 p.m. CET.
Apple announced its results for the first quarter of 2019 at the end of January and achieved sales of 84.3 billion US dollars - profits amounted to 19.97 billion US dollars. The company exceeded expectations with earnings of 4.18 US dollars per share. Analysts had forecast an average of 4.17 US dollars. Total sales for the first quarter were originally expected to be between 89 and 93 billion US dollars. Apple lowered its forecast to 84 billion US dollars at the beginning of the year. Analysts' expectations were originally around 91 billion US dollars. Apple CEO Tim Cook justified the correction with, among other things, poor iPhone sales in China and other countries.
forecast for the second quarter
In mid-April, Wall Street analyst Pierre Ferragu expressed concerns about demand for iPhones. In response, he downgraded Apple shares. Analysts at market research firm OTR Global are also less optimistic - they estimate that Apple sold between 37 and 42 million iPhones in the second quarter of 2019 - around 29 percent less than in the previous year. However, the majority of analysts believe that around 40 - 45 million devices were sold - they expect total sales of around 57 billion US dollars. Apple itself has forecast sales of around 55 - 59 billion US dollars for the second quarter - last year it was 61 billion US dollars. It remains to be seen whether Apple can convince.
Conference Call
The presentation will proceed as usual – first the figures will be published and half an hour later the Conference Call.
