Apple has introduced that it’ll report its earnings outcomes for the third quarter of the 2023 fiscal 12 months on Thursday, August 3. The report might be out there at 1:30 p.m. Pacific Time, and Apple’s CEO Tim Cook dinner and CFO Luca Maestri will talk about the outcomes on a convention name with analysts at 2:00 p.m. Pacific Time.
A reside audio stream of the decision might be out there on Apple’s Investor Relations web page, and a recording might be out there later within the day for replay.
Apple launched three new Macs within the quarter, which ran from April 2 by means of July 1, together with a 15-inch MacBook Air, an up to date Mac Studio, and an up to date Mac Professional. The quarter additionally noticed the launch of the Apple Card financial savings account for U.S. residents.
Apple has not supplied formal income steering for the reason that begin of the COVID-19 pandemic, however analysts presently anticipate the corporate to report income of round $81.5 billion this quarter on common, based on Yahoo Finance. This may be a decline of round 2% in comparison with the $83 billion income the corporate reported within the year-ago quarter.
Maestri supplied the next commentary on Apple’s earnings name final quarter:
We anticipate our June quarter year-over-year income efficiency to be much like the March quarter, assuming that the macroeconomic outlook doesn’t worsen from what we’re projecting at the moment for the present quarter.
AAPL is buying and selling at round $188 as of writing, as shares strategy a 52-week excessive of $194.48.
