Apple Investors Focus on Holiday Outlook Ahead of Nov. 2 Results
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Apple investors are preparing for the company’s Nov. 2 quarterly results with attention on its holiday-quarter outlook as a folding iPhone launch and higher component costs shape expectations. Wall Street expects Apple to post earnings of $1.98 per share on revenue of $113.32 billion. Forecasts for December-quarter revenue and March-quarter gross margin remain uncertain. Apple’s folding iPhone Duo is launching this month. Staggered iPhone launches can shift sales between quarters, while higher component costs may prompt price increases. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
