Apple to report earnings as investors worry about 'mixed' iPhone demand
It's the end of Apple's fiscal year, and the first quarter with some sales from the September launch of the iPhone 16.
Apple reports fourth-quarter earnings after the bell Thursday. It's the end of Apple's fiscal year, and it's the first quarter with sales from the September launch of the iPhone 16.
Here's what to expect, according to LSEG consensus estimates:
Earnings per share: $1.60
Revenue: $94.58 billion
The most critical item will be what Apple signals to investors about its December quarter, which is its largest seasonal sales period of the year. That will set the tone about the current iPhone sales cycle and whether it represents a chance for revenue growth driven by the launch of Apple Intelligence.
Apple doesn't provide official guidance, but it typically offers forecast data points on a call with analysts that suggest whether the company expects sales growth and how some of its product lines might fare — especially the iPhone, which still accounts for a majority of Apple's sales.
Without Apple's official guidance and sales, investors parse surveys and shipping dates on Apple's website to get a clue.
Some analysts are pointing to signs so far as "mixed."