Without iPhone X, How Will Apple Hit Its Guidance?

Without iPhone X, How Will Apple Hit Its Guidance?

When Apple (NASDAQ: AAPL) reported fiscal third-quarter earnings last month, one of the most optimistic data points for investors was the company's strong guidance. Revenue in the fiscal fourth quarter is expected to be in the range of $49 billion to $52 billion. At the high end, that would represent an all-time revenue record for the September quarter. It gave investors some optimism that the flagship iPhone -- which we now know to be the iPhone X -- might actually ship on time despite rumors of manufacturing delays.

Well, it turns out that those delays are very real: iPhone X won't ship until November. If that's the case, how will Apple hit its ambitious outlook?

iPhone X won't help fiscal fourth quarter results at all. Image source: Apple.

Continue reading

Source: Fool.com