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

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).

Shares now +6.1% premarket.

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

Previous: iTunes Radio reviews decent

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Comments (17)
  • oneotherfool
    , contributor
    Comments (484) | Send Message
    But but....but I thought it's "Market Share Or Profit Margin - Not Both"
    23 Sep 2013, 09:05 AM Reply Like
  • jebworks
    , contributor
    Comments (183) | Send Message
    Yeah, and for both some predicted and probably will again soon, a rapid decline!
    23 Sep 2013, 09:10 AM Reply Like
  • Dantes_Will
    , contributor
    Comments (409) | Send Message
    Big fan of iTunes Radio so far. Good to see it gaining traction.


    Begrudgingly up with Pandora for over a year... their Algorithm was not very sharp and their rotation seemed much smaller than they say.


    Can see Apple eating Pandora's lunch very quickly.
    23 Sep 2013, 09:15 AM Reply Like
  • scott trader
    , contributor
    Comments (7089) | Send Message
    Yep a little concerned about my Sirius.....
    23 Sep 2013, 09:17 AM Reply Like
  • Ugly Duckling
    , contributor
    Comments (410) | Send Message
    When do the analyst upgrades come in?
    23 Sep 2013, 09:37 AM Reply Like
  • rubber duck
    , contributor
    Comments (194) | Send Message
    After they finish the crow.
    23 Sep 2013, 09:53 AM Reply Like
  • name999
    , contributor
    Comments (196) | Send Message
    iTunes Radio is very good. I have been using this for the past week. I had much less ads compared to my experience in Pandora. For one feature I really like on iTunes Radio is you can reply past songs!
    23 Sep 2013, 09:56 AM Reply Like
  • Dantes_Will
    , contributor
    Comments (409) | Send Message
    Cook can just open up his pocket books and buy out SIRI with some of that foreign cash I suppose...


    I can see Apple going after the entire radio industry and finding creative ways to monetize those assets.
    23 Sep 2013, 10:27 AM Reply Like
  • Bobhawk
    , contributor
    Comments (45) | Send Message
    Love it. CNBC just had a segment called "Bull and Bear crunch Apple numbers" and they had Misek and Trainer as the two guests. Trainers TP was $300 and Misek is still at $405 so Misek must have been the Bull in this conversation. Cant make this stuff up folks.
    23 Sep 2013, 10:52 AM Reply Like
  • oneotherfool
    , contributor
    Comments (484) | Send Message
    Well, Misek's recent success story with $BBRY speaks for itself. You've got root for him.
    23 Sep 2013, 02:13 PM Reply Like
  • Atkins
    , contributor
    Comments (1049) | Send Message
    Just as I had expected. However, there is not much of a pop in the stock. Very subdued.
    23 Sep 2013, 12:12 PM Reply Like
  • Applocrat
    , contributor
    Comments (1004) | Send Message
    Atkins, I hope this is simply one of those pieces of news that takes a long time to adapt to. it took Apple a few months to go from the 400s to the 600s first time around.
    23 Sep 2013, 12:51 PM Reply Like
  • ronjohn26
    , contributor
    Comments (86) | Send Message
    Everything is as predicted apart from China news.Apple is on its Right Track and I wont be surprised to see when the stock goes to 540, 600, 640 in few months time :)
    23 Sep 2013, 02:07 PM Reply Like
  • Piptief
    , contributor
    Comments (1324) | Send Message
    Just don't listen to those ridiculous wall street analysts..they know nothing more than you or I. Listen to what Apple tells you about their strategy and use your own judgement to determine whether it is believable or not. These analyst who change their views on a quarterly result at a whim are clueless..Tim Cook told them as much during the Q2 earnings call, which is when they battered apple to 385 level...which was good for folks like me who got the shares a tad above 400. How anyone could doubt apple's price-point for the 5C's is beyond me...what do analysts know about pricing smartphones compared to the company that rakes in almost two thirds of all the revenues in the industry?
    23 Sep 2013, 02:12 PM Reply Like
  • Bobhawk
    , contributor
    Comments (45) | Send Message
    BUT.... as a shareholder you have to respect the power they have to move the stock around with their mostly wrong analysis.
    23 Sep 2013, 03:06 PM Reply Like
  • dgulick
    , contributor
    Comments (2354) | Send Message
    I think you nailed it @Piptief, bad analysts are great at making buying opportunities!
    23 Sep 2013, 03:23 PM Reply Like
  • AnselWade
    , contributor
    Comments (21) | Send Message
    iTunes Radio will be a small but important piece for Apple ..... I think they have a huge hit on their hands and it will drive even more revenue thru iTunes and iTunes will no longer be a non-profit as Apple once portrayed it!
    24 Sep 2013, 09:54 PM Reply Like
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