As you might expect, Apple is predicting a blockbuster holiday quarter
After reporting a Q4 that rivals previous Apple holiday quarters, Apple has hinted that even with product constraints holiday quarter earnings will be its best ever with as much as 10% growth year-over-year. iPhone Duo could help drive Apple to another record-breaking holiday quarter Apple CFO Kevan Parekh shared some of Apple's forward-looking statements about what it might expect during Q1…
Apple has set the bar for holiday quarter earnings with expectations of a blockbuster performance in Q1 2027. In a recent earnings call, CFO Kevan Parekh shared forward-looking statements indicating the company could shatter records once again. Apple CFO Kevan Parekh has shared that revenue growth for the upcoming quarter is expected to sit between 7% and 10% year-over-year.
Parekh also hinted that this strong performance is reflective of constrained supply, with revenue potentially reaching up to $158.18 billion. Services revenue is also anticipated to grow between 8% and 9% year-over-year. Gross margins are projected to range between 45% and 46%, a slight decrease attributed to rising memory costs and expenses related to the rollout of Siri AI.
Operating expenses are expected to fall between $20.4 billion and $20.8 billion, with a tax rate of approximately 17%. Despite the potential for growth that may not meet investor expectations, Apple is poised to break records once more.
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