Apple Inc. is expected* to report earnings on 11/01/2018 after market close. The report will be for the fiscal Quarter ending Sep 2018.
The company is coming off its best June quarter ever, when it brought in $53.3 billion in revenue on the back of 41.3 million iPhone sales. With a higher mix of premium handset sales, revenue from iPhones hit $29.9 billion for the quarter, up 20 percent from $24.8 billion in 2017. The high-end iPhone X maintained its spot as Apple's most popular iPhone model, driving the smartphone's average selling price to $724.
Services also grew during the period, marking the 13th straight quarter of double-digit gains. Wearables, which includes products like Apple Watch and AirPods, grew 60 percent during the three-month period.
"Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline," Cook said at the time.
Following news of the monster quarterly performance, Apple stock prices hit $200 for the first time since it split four years ago. Apple also became the first U.S. company to reach a market capitalization of $1 trillion.
For the September quarter, Apple is forecasting revenue between $60 billion and $62 billion with a gross margin between 38 percent and 38.5 percent.