Apple will report its earnings outcomes for the third quarter of its 2024 fiscal yr on Thursday, August 1 at 1:30 p.m. Pacific Time. Apple’s CEO Tim Cook dinner and CFO Luca Maestri will focus on the outcomes on a convention name with analysts a half hour later.
Hold studying for some key issues to know concerning the quarter, together with a recap of recent merchandise introduced, income expectations, and extra.
New Merchandise Throughout Quarter
The quarter ran from March 31 via June 29, in keeping with Apple’s fiscal calendar. The next merchandise launched throughout this era:
- 11-inch iPad Professional with M4 chip
- 13-inch iPad Professional with M4 chip
- 11-inch iPad Air with M2 chip
- 13-inch iPad Air with M2 chip
- Apple Pencil Professional
- Imaginative and prescient Professional pre-orders in eight extra international locations
Income Expectations
Apple has not supplied formal income steerage since earlier than the COVID-19 pandemic, however the common Wall Road estimate for Apple’s third quarter income is $84.5 billion, in keeping with information compiled by Yahoo Finance. This might be round a 3% improve over the $81.8 billion income the corporate reported within the year-ago quarter.
This might be consistent with the outlook that Apple’s CFO supplied on final quarter’s earnings name:
We count on our June quarter complete firm income to develop low-single-digits year-over-year despite a international trade headwind of about 2.5 proportion factors.
Convention Name
Cook dinner and Maestri will maintain a convention name at 2:00 p.m. Pacific Time on Thursday to debate the corporate’s quarterly earnings outcomes. The decision ought to final round one hour, and it’ll embrace a Q&A phase with analysts.
A reside audio stream of the convention name can be out there on Apple’s Investor Relations web page, and a recording can be out there later within the day for replay.
What’s Subsequent
Apple’s present quarter runs via September 28, and the corporate has but to announce any new merchandise throughout this era.
AAPL is buying and selling for round $223 as of writing, down from a 52-week excessive of $237.23.
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