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What to Expect From Apple's Earnings Next Week Following New Macs

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Apple will report its earnings results for the third quarter of its 2023 fiscal year on Thursday, August 3 at 1:30 p.m. Pacific Time. Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call with analysts a half hour later.

New-Macs-2023.jpg

Keep reading for some key things to know about the quarter, including a recap of new products announced, revenue expectations, and more.

New Products During Quarter

The quarter ran from April 2 through July 1, according to Apple's fiscal calendar, and included the following product launches:

  • 15-inch MacBook Air (M2 chip)
  • Mac Studio (M2 Max and M2 Ultra chips)
  • Mac Pro (M2 Ultra chip)

Year-Over-Year Revenue Decline Expected

Apple has not provided formal revenue guidance since the start of the COVID-19 pandemic, but analysts currently expect the company to report revenue of around $81.6 billion this quarter on average, according to Yahoo Finance. This would be a decline of around 1.7% compared to the $83 billion revenue the company reported in the year-ago quarter.

Maestri provided the following commentary on Apple's earnings call last quarter:
We expect our June quarter year-over-year revenue performance to be similar to the March quarter, assuming that the macroeconomic outlook does not worsen from what we are projecting today for the current quarter.
Click to expand...
Conference Call

Cook and Maestri will hold a conference call at 2:00 p.m. Pacific Time on August 3 to discuss the company's third quarter earnings results. The call should last around one hour and will include a Q&A segment with analysts.

A live audio stream of the conference call will be available on Apple's Investor Relations page, and a recording will be available later in the day for replay.

What's Next

Apple's fourth quarter began July 2 and runs through September 30. Apple has yet to announce any new products during the quarter, but new iPhone and Apple Watch pre-orders are expected to begin in the final few weeks of the quarter.

AAPL is currently trading at around $194, and is up around 55% since the start of the year.

Article Link: What to Expect From Apple's Earnings Next Week Following New Macs
 
Article Link
https://www.macrumors.com/2023/07/27/apple-q3-2023-earnings-preview/
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Beyond the handful of You Tubers who bought the new Mac Pro for videos and clicks, I’ll be shocked if they sold over a thousand of them. I expect the Mac Studio to have done very well, and the MacBook Pro as popular as its price tag allows.

Mac Studio is still the bargain for an Apple computer I need to get in on. Before they find an excuse to raise its price.
 
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philstubbington said:
Thankfully sold my stock to buy Nvidia instead ☺️ I don’t see Apple as much of a growth stock anymore, sadly.
Click to expand...
I like the Apple dividends (not that they are high), but Nvidia has certainly been growing lately (but barely does dividends). I'll just keep living on dividends for now. I still think Apple can continue to grow, but at a slow pace, like my retirement. 😀
 
TheYayAreaLiving 🎗️ said:
Hopefully, Apple does not discontinue the 15" M2 MacBook Air.

Apple seriously needs to consider releasing M3 Macbook Air tho in the near future.
Click to expand...
I don’t think they’ll discontinue it, but I also don’t expect them to upgrade it with M3 later this year. It would make no sense to upgrade it with a new chip only a few months after its release. Maybe they’ll upgrade the 13” Air later this year, even though I kinda doubt it.. but they’ll definitely keep the M2 15” Air for a while so they can sell more of it before upgrading it to M3.
 
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al256 said:
After pricing out an upgraded 15 MBA vs just getting a 16 MBP, I bought the 16 MBP. I wonder if they're able to capture that information internally. Maybe compare the computers I spec'd out in the cart vs what I actually bought?
Click to expand...

Same problem with the base model Plus iPhone.

You’re better off getting a 13 Pro Max versus a 14 Plus.

Same with a 10th Gen iPad versus a 4th Gen iPad Air.

IMO all three models are a pure cash grab by Apple.
 
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philstubbington said:
Thankfully sold my stock to buy Nvidia instead ☺️ I don’t see Apple as much of a growth stock anymore, sadly.
Click to expand...
Do you always sell trillion dollar stocks with a 32 PE to buy trillion dollar stocks with a 350 PE ratio? Thankfully I hold onto my apple stock and not buy an incredibly risky high flyer like Nvidia.
 
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Pezimak said:
Beyond the handful of You Tubers who bought the new Mac Pro for videos and clicks, I’ll be shocked if they sold over a thousand of them. I expect the Mac Studio to have done very well, and the MacBook Pro as popular as its price tag allows.

Mac Studio is still the bargain for an Apple computer I need to get in on. Before they find an excuse to raise its price.
Click to expand...

The M2 Mac Pro is the most disappointing device released in the last year (since WWDC 2022) from Apple.
 
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DocMultimedia said:
I like the Apple dividends (not that they are high), but Nvidia has certainly been growing lately (but barely does dividends). I'll just keep living on dividends for now. I still think Apple can continue to grow, but at a slow pace, like my retirement. 😀
Click to expand...
lkrupp said:
50% growth in a single year that’s not even up yet? I simply do not believe you owned ANY AAPL and made that statement.
Click to expand...
Well, you can’t be right all the time, can you?
 
Pinkyyy 💜🍎 said:
I don’t think they’ll discontinue it, but I also don’t expect them to upgrade it with M3 later this year. It would make no sense to upgrade it with a new chip only a few month after its release. Maybe they’ll upgrade the 13” Air later this year, even though I kinda doubt it.. but they’ll definitely keep the M2 15” Air for a while so they can sell more of it before upgrading it to M3.
Click to expand...
I don't know, with the early Intel Macs they upgraded from Core to Core 2 chips very quickly. It's not unheard of for Apple to do that.
 
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TheYayAreaLiving 🎗️ said:
Hopefully, Apple does not discontinue the 15" M2 MacBook Air.

Apple seriously needs to consider releasing M3 Macbook Air tho in the near future.
Click to expand...
First I think the sales are not that bad. For starters they will take into account the current market conditions.

Plus the product has been barely out for two months. No need to make any knee jerk reactions based on initial sales.
 
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Apple Fan 2008 said:
I don't know, with the early Intel Macs they upgraded from Core to Core 2 chips very quickly. It's not unheard of for Apple to do that.
Click to expand...
Yeah I think Apple also did a similar thing with iPad 4 which came out only a few months after iPad 3. So who really knows, maybe Apple will surprise us or something.. but I still kinda doubt it 😅
 
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MacRumors said:


Apple will report its earnings results for the third quarter of its 2023 fiscal year on Thursday, August 3 at 1:30 p.m. Pacific Time. Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call with analysts a half hour later.

New-Macs-2023.jpg

Keep reading for some key things to know about the quarter, including a recap of new products announced, revenue expectations, and more.

New Products During Quarter

The quarter ran from April 2 through July 1, according to Apple's fiscal calendar, and included the following product launches:

  • 15-inch MacBook Air (M2 chip)
  • Mac Studio (M2 Max and M2 Ultra chips)
  • Mac Pro (M2 Ultra chip)

Year-Over-Year Revenue Decline Expected

Apple has not provided formal revenue guidance since the start of the COVID-19 pandemic, but analysts currently expect the company to report revenue of around $81.6 billion this quarter on average, according to Yahoo Finance. This would be a decline of around 1.7% compared to the $83 billion revenue the company reported in the year-ago quarter.

Maestri provided the following commentary on Apple's earnings call last quarter:Conference Call

Cook and Maestri will hold a conference call at 2:00 p.m. Pacific Time on August 3 to discuss the company's third quarter earnings results. The call should last around one hour and will include a Q&A segment with analysts.

A live audio stream of the conference call will be available on Apple's Investor Relations page, and a recording will be available later in the day for replay.

What's Next

Apple's fourth quarter began July 2 and runs through September 30. Apple has yet to announce any new products during the quarter, but new iPhone and Apple Watch pre-orders are expected to begin in the final few weeks of the quarter.

AAPL is currently trading at around $194, and is up around 55% since the start of the year.

Article Link: What to Expect From Apple's Earnings Next Week Following New Macs
Click to expand...
Shockingly good results, if true....considering the underwhelming upgrades this year
 
Tim, look at that photo.

Make the machine. on the left look like the machine on the right.
With the promise of internal upgrades down the track, maybe for both.

Until then my wallet stays closed.
 
philstubbington said:
Thankfully sold my stock to buy Nvidia instead ☺️ I don’t see Apple as much of a growth stock anymore, sadly.
Click to expand...
Poor decision. Yes, NVDA may go up awhile, but Apple is "The Little Engine that Could." When we all look back at the share price in a year guess which company will be way out front? Go Apple!
 
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