Apple expects next quarter to be its best quarter ever with over $84 billion in revenue

Apple might have beaten expectations for iPhone sales this quarter with revenue of $52.6 billion, but what investors were really looking forward to is what the company expects for its biggest quarter of the year, the upcoming Holiday quarter.

And Apple has some big expectations.

Last year, the company beat its own records and scored $78.4 billion in revenue, the highest any company in history has ever posted. This year, it expects to go much higher: Apple's projection for the Holiday quarter put revenue between $84 billion and $87 billion. It is those huge expectations that propped investors' interest and had the stock jump 5% after hours.

Even at the lowest end of these projections, Apple is guaranteed to have a blockbuster Holiday quarter. The driving force of sales is certainly the new, $1,000 iPhone X that is already driving huge lines across the globe on opening day.

Here is Apple chief executive Tim Cook's comment on the next quarter: "As we close the books on a very successful fiscal 2017, I have to say I couldn't be more excited about Apple's future."

And here are the full projections for the Holiday quarter, presented by Tim Cook at the company's conference call:

source: Apple via MacRumors



1. trojan_horse

Posts: 5868; Member since: May 06, 2016

Wow. Tim "money" Cook must be high in the sky now.

2. seret6

Posts: 279; Member since: Aug 14, 2013

High or crying given that iphone X has totally bombed? People cancelled their pre-orders due to long waiting times, hence the delivary estimates have improved

5. kiko007

Posts: 7520; Member since: Feb 17, 2016

Any sources for that info?

8. mikehunta727 unregistered

If you think selling nearly 4 million X's in a week is bombed and s**tting the bed than you might be on bath salts Lets be realists here, the iPhone X is gonna crush launch sales records and become most sold individual smartphone in the year, thats the opposite of bombed Too many jealous bitter fools that want the X to fail for no real reason/say dumb shit about Apple/other OEMS too; a strange hate towards inanimate objects that come from Apple and etc. Its just metal and glass people, it didnt steal your girl or wife lol..

13. uncle_gadget

Posts: 1050; Member since: Sep 20, 2017

I haven't seen any info supporting that claim though. Last I checked both ATT and VZW pre-orders are still 4+weeks out. EDIT: I went through the steps to start a iPhone X pre-order. VZW is still showing delivery estimates by December 5th.

3. Peacetoall unregistered

No matter what people say Iphone X will have the best sales because of unique design and fresh design from apple after 4 yrs

10. mikehunta727 unregistered

Common sense and basic logic. My man

12. uncle_gadget

Posts: 1050; Member since: Sep 20, 2017

Exactly! Which I have no issue with that. But they purposely encourage it, by making the iPhone 8 with the same design. They could have eliminated the production of the 8 and just skipped to the X. I think they only kept it because they know they were gonna have issue with the X and the 8 was an option to keep something selling.

4. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

When iPhone 8 failed to sell well. Braindead Android fan : Apple is doomed Reality : Apple fans are waiting iPhone X

9. mikehunta727 unregistered

I find it funny cause in Apple world iPhone 8 sales weren't that great for Apple but if any other OEM flagship sold the amount of the 8, itd be 99% of oem's best selling device ever and their most successful device launch ever

11. omnitech

Posts: 1131; Member since: Sep 28, 2016

Which is sad considering it's just an iPhone 6sss. Unless you actually think Appke us that ahead of the curve that a 2013 design warrants those numbers.

14. uncle_gadget

Posts: 1050; Member since: Sep 20, 2017

No one said Apple is dead. The iPhone 8 is though.

6. piyath

Posts: 2445; Member since: Mar 23, 2012

Apple is lit!

7. piyath

Posts: 2445; Member since: Mar 23, 2012

Apple is on fire...

15. MrShazam

Posts: 987; Member since: Jun 22, 2017

Make my stocks proud apple. From a consumer perspective, your products are an overpriced joke to me. But from a share holder perspective, my wallet is proud of those who won't dare to question you...

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