Apple is set to release its second fiscal quarter earnings report on Thursday after the markets close.
Despite low investor expectations, Apple has the potential to exceed them even in the face of weak sales growth. Previously, Apple had projected sales similar to last year’s $94.84 billion during the same period, with flat iPhone sales.
LSEG consensus estimates, analysts are anticipating the following figures from Apple:
Earnings per share: $1.50
Revenue: $90.01 billion
The breakdown of revenue for Apple’s business units in the March quarter, based on LSEG estimates, is as follows:
iPhone revenue: $46.00 billion
Mac revenue: $6.86 billion
iPad revenue: $5.91 billion
Wearables, home, and accessories revenue: $8.08 billion
Services revenue: $23.27 billion
Analysts also predict that Apple will provide a sales forecast for the current quarter of around $83.23 billion, representing a 1.8% annual growth. Apple’s shares have declined approximately 10% this year, trailing behind its peers and the broader market. Concerns have been raised regarding weak demand for the 2023 iPhone 15.
Source (CNBC)