When is it and what can we anticipate?

Apple will report its third-quarter earnings for the fiscal 12 months this week and traders will likely be watching the world’s most respected firm outcomes carefully.

The iPhone maker and Technology powerhouse just lately wrestled its standing because the planet’s greatest firm by market cap again from Microsoft and Nvidia – two organizations propelled to new heights this 12 months pushed by the continued AI revolution.

As of July 31, Apple’s market capitalization stands at $3.1 trillion and the corporate’s inventory worth is up 18% year-to-date.

When is Apple (AAPL)’s subsequent earnings report?

The third quarter fiscal 12 months incomes report for Apple will likely be printed on Thursday, August 1 after US markets shut which at 2:00 p.m. PT or 5:00 p.m. ET.

The convention name will likely be broadcast by way of webcast on Apple’s investor site and is open to anybody.

What can we anticipate from Apple’s earnings report?

iPhone gross sales in China

One of many large metrics to pay attention out for is Apple’s iPhone gross sales in China. IT’s an enormous marketplace for the corporate and represented 19% of all income in 2023.

There have been considerations of slowing iPhone gross sales in China which dragged down APPL inventory within the first half of the 12 months. Analysts will likely be hoping the third quarter report might mark a turnaround for gross sales within the Far East.

Income enhance

Specialists from Visible Alpha are projecting income of $84.44 billion for the third quarter, a modest 3% progress in comparison with the identical interval final 12 months. This regular enhance means that Apple continues to keep up robust demand for its services and products, even within the face of ongoing financial challenges and ferocious competitors.

iPhone 16

There’s a lot anticipation and hypothesis across the iPhone 16 and when IT will likely be launched. IT’s broadly anticipated to be showcased in September and can embrace each the A18 chip and the next-generation M4 chip for Mac, a mix that may considerably enhance the variety of built-in AI computing cores.

Any particulars on the iPhone 16 might have a optimistic impact on Apple’s inventory worth.

AI tasks

The corporate might talk about its ongoing AI initiatives throughout the earnings name, providing traders higher readability on how the rising tech might have an effect on Apple.

Earlier this month ReadWrite reported how Apple’s new AI options will doubtless miss the preliminary launch of the iPhone and iPad software program overhauls so any replace on this may very well be vital.

Featured picture: Ideogram