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Apple (AAPL) CFO says expects Q4 revenue growth of 9%-11% (exp. 12.1%), expects iPhone revenue growth rate of 'mid-teens' Y/Y, while gross margins seen at 47%-48% with 1 point benefit from tariff refunds

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Apple expects 9%-11% Q4 revenue growth, missing estimates despite strong iPhone forecasts. Supply constraints persist, but gross margins are bolstered by a 1% tariff refund benefit.

News detail

Sees Q4 oper. expenses USD 19/1bln-19.4bln. Expects supply constraints to increase significantly going from June to September quarter and constraints will affect iPhone, Mac and iPad. Co. is evaluating all options for alternative component suppliers.

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