Reviewed file photo — Glubin39 / Wikimedia Commons, CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0/). Galleria Dallas Apple store, 2 November 2019; archival context, unaltered.
Apple forecasts lower holiday-quarter margin as memory costs rise
November 2 earnings call sets a 45–46% gross-margin outlook.
Apple reported quarterly revenue of $114.48 billion and diluted earnings of $2.10 a share on November 2. It forecast a 45–46% gross margin for the December quarter, down from 47.9%, citing higher memory costs. Reuters and Yahoo Finance independently covered the results and call. Photo: Dallas store, 2019.
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