Jul 30, 2019

Apple's Q3 earnings guidance may reveal its iPhone expectations

Ina Fried, author of Login

Apple never gives much insight into what's coming next, but in issuing financial guidance for the coming quarter on Tuesday, the company will be providing at least some sense of its expectations regarding initial sales of the next iPhone.

Why it matters: The financial outlook will be for the July-to-September quarter, so its guidance will reflect only its initial expectations, given the devices usually don't go on sale until September. Also closely watched will be what Apple has to say about its business in China as well as trade tensions.

By the numbers: According to Bloomberg, Apple is expected to earn $2.10 per share on revenue of $53.36 billion.

The bottom line: Expect Apple to highlight its growing services business, while analysts will be closely watching how the all-important iPhone business is doing.

Go deeper: Apple needs a next act

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Why the coronavirus pandemic is hitting minorities harder

Illustration: Aïda Amer/Axios. Photo: Mark Makela/Getty Images

The coronavirus’ disproportionate impact on black and Latino communities has become a defining part of the pandemic.

The big picture: That's a result of myriad longstanding inequities within the health care system and the American economy.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 6,804,044 — Total deaths: 362,678 — Total recoveries — 2,788,806Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 1,909,077 — Total deaths: 109,497 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: Some people are drinking and inhaling cleaning products in attempt to fight coronavirus, CDC says Fauci: "Very concerned" about spread of virus amid George Floyd protests — Cities offer free testing for protesters.
  4. Tech: The pandemic is accelerating next-generation disease diagnostics — Robotics looks to copy software-as-a-service model as use of robots accelerates.
  5. Business: Sports, film production in California to resume June 12 after 3-month hiatus.
  6. Education: Students and teachers flunked remote learning.

In photos: George Floyd's North Carolina memorial service

The remains of George Floyd are brought into Cape Fear Conference B Church. Photo: Ed Clemente/POOL/AFP via Getty Images

Hundreds gathered in Raeford, North Carolina to honor George Floyd, whose death in Minneapolis nearly two weeks ago has sparked nationwide protests against police brutality.

The state of play: This is the second memorial for Floyd. A number of his family members remain in Raeford, including his sister. He was born in Fayetteville, North Carolina, The News and Observer reports.