Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
What to Expect From Apple's Earnings Results Following New Macs and HomePod
- Thread starter MacRumors
- Start date
- Sort by reaction score
May the 4th be with Scrooge Mc Cook.
I'm normally posting a lot of negate rants on this site, although, the intention is actually constructive criticism from an entrenched macOS user.
For once, I'd like to say, well bloody done Apple, for the brilliant AS machines you've put out, rescuing us from the tragic days for 2016-2020 (RIP the butterfly generation). As a MBP user, who refused to upgrade my 2015 15" retina generation MBP whilst the newer machines were so flawed, the new AS MBP's are fantastic machines. My 16" M1P MBP blows my old one out of the water, even though the old one is still a very capable and wonderful machine.
For once, I'd like to say, well bloody done Apple, for the brilliant AS machines you've put out, rescuing us from the tragic days for 2016-2020 (RIP the butterfly generation). As a MBP user, who refused to upgrade my 2015 15" retina generation MBP whilst the newer machines were so flawed, the new AS MBP's are fantastic machines. My 16" M1P MBP blows my old one out of the water, even though the old one is still a very capable and wonderful machine.
Considering what they got stuck with city lockdowns in China until mid Dec 2022 they probably feel this quarters more decent then what it could have been. Should be a rather interesting financials for once. Compare it to every other tech companies nightmares.
It just might be.
1 Stock to Buy, 1 Stock to Sell This Week: Apple, AMD | Investing.com
Market Analysis by covering: S&P 500, Dow Jones Industrial Average, Intel Corporation, Microsoft Corporation. Read 's Market Analysis on Investing.com
Stock To Buy: Apple
After closing at a new 2023 year-to-date high on Friday, I expect Apple shares (NASDAQ:AAPL) to outperform in the coming week as the consumer electronics giant’s latest financial results will surprise to the upside in my view.
Following bullish earnings reports from tech titans like Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Facebook-parent Meta Platforms (NASDAQ:META), and Amazon (NASDAQ:AMZN) last week, Apple will be the last ‘FAAMG’ stock to report quarterly results when it releases its fiscal Q2 update after the market closes at 4:30PM ET on Thursday, May 4.
A call with CEO Tim Cook and CFO Luca Maestri is set for 5:00PM ET.
I believe the Cupertino, California-based tech conglomerate is poised to deliver a better-than-expected print as solid demand growth for its lineup of high-end iPhones will offset incremental weakness in other areas of the business.
According to the options market, traders are pricing in a swing of around 4% in either direction for AAPL stock following the update.
Source: InvestingPro
Apple’s earnings per share are expected to be $1.43, a decline of 5.9% from a year ago, according to Investing Pro data, due to elevated operating expenses amid the current macro backdrop.
Meanwhile, revenue in the March quarter is forecast at $92.84 billion, or a 4.5% decrease annually, as Apple faces weak demand for its Mac computers amid a deteriorating PC market.
Analysts have raised their EPS estimates 10 times in the past 90 days, according to an Investing Pro survey, while 19 of the analysts surveyed downwardly revised their AAPL earnings forecast.
Despite the expected decline in profit and sales growth, one bright spot is expected to be Apple’s services business, which was the fastest growing segment in fiscal Q1 with annualized revenue growth of 6.4%. The segment includes sales from the App Store, Apple Card payment fees, subscriptions, extended warranties, licensing fees, and advertising.
Looking ahead, I believe Apple is well positioned to withstand the challenging economic climate thanks to its dependably profitable business model, healthy balance sheet and enormous cash pile.
AAPL daily chart
AAPL ended at an eight-month peak of $169.68 on Friday, the highest level since Aug. 26, 2022. At its current valuation, Apple has a market cap of $2.68 trillion, making it the most valuable company trading on the U.S. stock exchange.
Shares are up 30.6% so far in 2023, outperforming the broader market by a wide margin over the same timeframe.
It was a wise move on your part to hold on to the 2015 15-inch Retina MBP until Apple Silicon Mac laptops were released. The scissor mechanism keyboard on that 2015 15-inch Retina MBP feels much more comfortable than the awful butterfly mechanism keyboards that followed.