Apple FQ4 revenue, gross margin to be at high end of guidance

|About: Apple Inc. (AAPL)|By:, SA News Editor

In an 8-K arriving in tandem with its iPhone sales announcement, Apple (AAPL) discloses it now expects its FQ4 (Sep. quarter) revenue to be at the high end of a guidance range of $34B-$37B (consensus is at $36.1B), and its gross margin to be at the high end of a guidance range of 36%-37% (was 36.9% in FQ3, 40% in year-ago period).

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Apple also discloses over 11M unique listeners "have already tuned in to iTunes Radio." Pandora (P) -3.3% in response.

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