Apple Expected to Report Its Best Fourth Quarter Ever Today Following iPhone XS and iPhone XS Max Launch


by @macrumors

@macrumors— Apple is set to report its earnings results for the fourth quarter of its 2018 fiscal year at 1:30 p.m. Pacific Time today. The quarter began July 1, 2018 and ran through September 29, 2018, according to Apple's fiscal year accounting calendar. Apple provided the following guidance for the quarter back on July 31:revenue of $60 billion to $62 billion gross margin between 38 and 38.5 percent op. ex. of $7.95 billion to $8.05 billion other income/expense of $300 million tax rate of...

CNET—Apple reportedly cuts production orders for iPhone XS, XS Max and XR. Suppliers have been grappling with a shift in iPhone demand.

CNET—Apple reportedly cuts production orders for iPhone XS, XS Max and XR. Suppliers have been grappling with a shift in iPhone demand.

@macrumors—Apple Reportedly Cuts iPhone XS and iPhone XR Production Orders Amid Lower-Than-Expected Demand. In recent weeks, Apple slashed production orders for its latest iPhone XS, iPhone XS Max, and iPhone XR models due to "lower-than-expected demand," among other reasons, according to unnamed sources cited by The Wall Street Journal. The report claims the production cuts have hit the iPhone XR hardest, with Apple said to have slashed its production plan for the device by "up to a third of the approximately 70 million units" it had asked some suppliers to produce between September and...