Apple CEO Tim Cook holds the new iPhone 15 Pro at the Wanderlust Project launch event at the company’s headquarters in Cupertino, California, on September 12, 2023.
lauren elliott reuter
apple It is scheduled to release fourth-quarter results after the bell on Thursday.
Analysts expect Apple to report a fourth straight quarter of total revenue declines, but many expect finance chief Luca Maestri to signal a return to growth on the company’s earnings call.
Here’s what Wall Street is expecting, according to LSEG (formerly Refinitiv) consensus estimates.
- EPS: Estimated $1.39
- revenue: Estimated $89.28 billion
- iPhone revenue: Estimated $43.81 billion
- mac’s revenue: Estimated $8.63 billion
- iPad revenue: Estimated $6.07 billion
- Other product revenue: Estimated $9.43 billion
- service revenue: Estimated $21.35 billion
- Gross profit margin: 44.5% estimated
This quarter will include about a week of iPhone 15 sales. Investors will be watching to see if the latest iPhone models sell well, which could signal a strong product “cycle” next year.
Apple’s fiscal fourth quarter typically includes some back-to-school laptop and tablet spending that benefits its Mac and iPad divisions. But Apple warned in August that it expected Mac and iPad sales to decline by a “double-digit” percentage during the quarter.
Investors are also wondering how demand is faring in China after a quarter that saw renewed competition for consumers with Huawei and new developments that could limit the use of Apple devices by government officials. You will also want to know about government regulatory reports.