Apple will report its earnings outcomes for the third quarter of its 2023 fiscal 12 months on Thursday, August 3 at 1:30 p.m. Pacific Time. Apple’s CEO Tim Prepare dinner and CFO Luca Maestri will focus on the outcomes on a convention name with analysts a half hour later.
Preserve studying for some key issues to know in regards to the quarter, together with a recap of latest merchandise introduced, income expectations, and extra.
New Merchandise Throughout Quarter
The quarter ran from April 2 by means of July 1, in accordance with Apple’s fiscal calendar, and included the next product launches:
- 15-inch MacBook Air (M2 chip)
- Mac Studio (M2 Max and M2 Extremely chips)
- Mac Professional (M2 Extremely chip)
Yr-Over-Yr Income Decline Anticipated
Apple has not offered formal income steering for the reason that begin of the COVID-19 pandemic, however analysts presently anticipate the corporate to report income of round $81.6 billion this quarter on common, in accordance with Yahoo Finance. This might be a decline of round 1.7% in comparison with the $83 billion income the corporate reported within the year-ago quarter.
Maestri offered 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 immediately for the present quarter.
Convention Name
Prepare dinner and Maestri will maintain a convention name at 2:00 p.m. Pacific Time on August 3 to debate the corporate’s third quarter earnings outcomes. The decision ought to final round one hour and can embody a Q&A section with analysts.
A dwell 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 fourth quarter started July 2 and runs by means of September 30. Apple has but to announce any new merchandise through the quarter, however new iPhone and Apple Watch pre-orders are anticipated to start within the closing few weeks of the quarter.
AAPL is presently buying and selling at round $194, and is up round 55% for the reason that begin of the 12 months.
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