Ahead of Apple's Financial Conference Call on Thursday, Apple's Asian Supplier Stocks Rise on Positive iPhone X News
On Thursday Apple will report their Fiscal Q4 2017 Financials and will hold their conference call at 2:00 p.m. PT / 5:00 p.m. ET. Ahead of the conference Apple's stock enjoyed a leap in share price on Friday for claiming that iPhone X pre-orders were 'off the charts.' It's being reported today by Reuters that Apple's iPhone X announcement sent Apple supplier stocks up in Asia such as TSMC. In a second report, Reuters stated that "Japanese Apple suppliers outperformed, with TDK Corp gaining 0.7 percent and Foster Electric rising 1.1 percent, and Taiyo Yuden surging 0.9 percent.
Apple's Guidance for its Fiscal 2017 Q4
- revenue between $49 billion and $52 billion
- gross margin between 37.5 percent and 38 percent
- operating expenses between $6.7 billion and $6.8 billion
- other income/(expense) of $500 million
- tax rate of 25.5 percent
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