Apple, Inc. Expects a Massive Holiday Quarter
There were a number of takeaways from Apple's (NASDAQ: AAPL) record fourth quarter. For instance, revenue and earnings per share both increased by double digits, and revenue for the iPhone, Mac, iPad, services, and other products segments all up year over year. Some segments were up more than 30%.
But a single metric from the quarter arguably stole the show: $85.5 billion, the midpoint of Apple's guidance range for its first-quarter revenue. Despite reports of iPhone X production woes, management expects a monster holiday quarter.
Apple customers wait in line at an Apple store to buy the iPhone X on Nov. 3. Image source: Apple.
Source: Fool.com
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