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Apple Inc. has provided guidance for its second quarter, projecting revenue growth in the low to mid-single digits year-over-year, despite facing a 2.5 percentage point headwind from foreign exchange fluctuations. The company's services revenue is expected to increase in the low single digits, consistent with trends observed in fiscal year 2024. The gross margin is anticipated to range between 46.5% and 47.5%. The Chief Financial Officer, Luca Maestri, emphasized the company's outlook during the earnings call, noting the anticipated growth in both total revenue and services revenue.
$AAPL guidance: Parekh’s guidance for Apple’s second (current) quarter: - No comment on tariffs - Foreign exchange to be a headwind and have a negative 2.5-percentage-point impact - Revenue will grow low-to-mid single digits - Services revenue will grow low-single digits…
$AAPL CFO: " we expect our March quarter total company revenue to grow in the low to mid-single digits year over year. We also expect services revenue to grow in the low double digits year over year" https://t.co/ZxuuP8TFMf
$AAPL GUIDES LOW-TO-MID SINGLE DIGIT GROWTH YOY Apple expects Q2 revenue to grow low-to-mid single digits YoY, despite a 2.5 ppt FX headwind. Services revenue is projected to grow low double digits YoY, aligning with FY24 trends. - Gross margin: 46.5%-47.5% - Operating… https://t.co/4Eu6NXMtvt