Apple CFO Guides Q4 Revenue Growth of 9–11%, iPhone Sales Up Mid-Teens
Apple's CFO expects September-quarter total revenue to grow 9% to 11% year-over-year, with iPhone revenue rising in the mid-teens and gross margins landing between 47% and 48%.
During the company’s earnings call, Apple’s CFO provided forward guidance for the September quarter. Total company revenue is forecast to increase 9–11% compared to the same period last year. iPhone revenue is projected to grow in the mid-teens.
The company sees gross margins of 47–48%, which includes an approximate one-point benefit from tariff refunds. Operating expenses are expected to be in the range of $19.1 billion to $19.4 billion.
The positive outlook, especially the strong iPhone growth and margin improvement, suggests continued solid performance heading into the new product cycle.
Source: First Squawk