Apple CFO Says Expects September Quarter Total Company Revenue To Grow Between 9% And 11% Year Over Year; Expects iPhone Revenue To Growth Rate To Be 'Mid-Teens' Year Over Year; Expects Gross Margins To Be Between 47% And 48% With 1 Point Of Benefit From Tariff Refunds
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Why It Matters
Apple's leaders say the company will make more money this fall—about 9–11% more than last year—with iPhones growing especially fast. When a big company grows its sales and keeps its profit margins healthy, it hints the company is running well and people still want what it sells.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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