Apple earnings conference call update: Q1 (Dec) revenue to grow low to mid single digits (Q1 FactSet consensus calls for +6.8% growth) (225.91 -4.19)
- Q1 (Dec) revenue to grow low to mid single digits. Services revenue growth double digits. 46-47% gross margin. Q1 (Dec) FactSet consensus calls for +6.8% growth.
- iPhone grew in every geographical segment, marking a new September quarterly record.
- Services set all time record.
- Operating cash flow had a September quarter record.
- Paid subscriptions continue to grow.