Curious why Apple didn’t issue any guidance? Here is the answer

Apple Inc. (NASDAQ: AAPL) reported Thursday afternoon fiscal fourth quarter results that may have disappointed investors but the company was given a pass because the complete iPhone 12 launch is just around the corner. But in a less forgiving move, Apple shied away from issuing any forward looking guidance. Historical perspective Taking a look back at Apple’s similar fiscal fourth quarter last year, the earnings report benefited from the launch of the then-new iPhone 11, Daring Fireball founder John Gruber said on CNBC’s “Squawk Alley.” Specifically, all of the different iPhone 11 models were released on Sept. 20 and the