AI Generated Image
No surprises expected
9to5Mac • • business
Key Points:
- Apple is set to announce its fiscal Q3 earnings for the quarter ending in June, with a Q&A session following the release; this marks the final earnings call with Tim Cook as CEO.
- Analysts expect no major surprises, with revenue growth anticipated in the 14% to 17% range year-over-year, and consensus estimates for EPS at $1.88 and revenue at $108.8 billion.
- Apple has consistently exceeded consensus estimates in the past four quarters, but current analyst ratings mostly suggest a hold, reflecting stable but not rapidly increasing price targets.
- A key focus for investors will be Apple's outlook on the new Apple Upgrade program, particularly whether it will merely offset sales losses due to recent price hikes or drive significant growth.
- Market reaction to the earnings announcement will likely hinge on Apple's expectations for the Upgrade program's impact on sales and revenue growth.
