Wall Street is expecting Apple to report $12.88 billion in profit on about $63 billion in revenue for the company's fiscal fourth quarter of 2019.
Apple's fiscal fourth-quarter earnings — set to be released Wednesday after the closing bell — will provide the first sign of how the company's new iPhone models are selling. The report will include 10 days' worth of iPhone 11 sales, and investors and analysts will also be looking for guidance around the upcoming holiday season. This will be the last quarter of results before Apple steps into the streaming wars with Apple TV Plus, which is scheduled be to released this Friday.
Apple's fiscal fourth-quarter earnings — set to be released Wednesday after the closing bell — will provide the first sign of how the company's new iPhone models are selling. The report will include 10 days' worth of iPhone 11 sales, and investors and analysts will also be looking for guidance around the upcoming holiday season. This will be the last quarter of results before Apple steps into the streaming wars with Apple TV Plus, which is scheduled be to released this Friday.
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