Earnings

Apple (AAPL) Q4 earnings preview

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Tim Cook announces iPhone 11.

Source: Apple

Apple’s earnings on Wednesday will provide some early insight into how the company’s new iPhones are selling as investors watch the forecast for its all-important holiday season.

Apple released three iPhone 11 models on Sept. 20. Apple’s fiscal fourth quarter ended on Sept. 30, so Wednesday’s earnings report will include ten days of iPhone 11 sales.

But Apple’s forecast will also provide some clues as to whether this year’s new iPhones, which feature longer battery life and an improved triple-camera system, are hot sellers. Last year’s iPhones got off to a rocky start when Apple said on Jan. 2 that it had missed its own December quarter estimates…



Source cnbc.com

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