Apple sees Q1 revenue up 10%-12%, implying $131.6B-$134.0B, consensus $131.7B

The company states: “We expect our December quarter total company revenue to grow by 10% to 12% year over year, which would be our best quarter ever. We expect iPhone revenue to grow double digits year over year, which would be our best iPhone quarter ever on Mac. Keep in mind, we expect to face a very difficult compare against the M4 MacBook Pro, Mac mini, and iMac launches in the year ago quarter. We expect services revenue to grow at a year over year rate, similar to what we reported in the fiscal year 2025. We expect gross margin to be between 47% and 48%, which includes an estimated impact of $1.4 billion of tariff related costs. And as we’ve said before, we are significantly increasing our investments in AI while continuing to invest in our product roadmap. And so for the December quarter, we expect operating expenses to be between $18.1 billion and $18.5 billion. We expect to be around $150 million, excluding any potential impact from the mark to market of minority investments and our tax rate to be around 17%.” Comments taken from Q4 earnings conference call.