What to Expect From Apple's Earnings Results Today Following iPhone 14 Launch

[MacRumors]

Apple is set to report its earnings results for the fourth quarter of its 2022 fiscal year today at 1:30 p.m. Pacific Time. Apple CEO Tim Cook and Apple CFO Luca Maestri will discuss the results on a conference call for investors at 2:00 p.m. Pacific Time.

Keep reading for some key things to know about Apple's fourth quarter, including analyst expectations for revenue and more.

New Products During Quarter

Apple's fourth quarter ran from June 26 through September 24, according to the company's 2022 fiscal calendar. Apple launched or started accepting pre-orders for several new products during this period, including new iPhones, Apple Watches, and more:

• MacBook Air with M2 chip
• iPhone 14
• iPhone 14 Plus (pre-orders only)
• iPhone 14 Pro
• iPhone 14 Pro Max
• Apple Watch SE (second generation)
• Apple Watch Series 8
• Apple Watch Ultra
• AirPods Pro (second generation)

Record September Quarter Expected

On average, Apple is estimated to report revenue of $88.9 billion for the quarter, according to Yahoo Finance. This would be a September quarter revenue record for Apple and 6.5% higher than the $83.4 billion that Apple reported in the year-ago quarter.

Conference Call

Apple's CEO Tim Cook and CFO Luca Maestri will hold a conference call at 2:00 p.m. Pacific Time today to discuss the company's fourth quarter earnings results. The call should be around one hour long 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 at a later time for replay.

Investors will be listening for any potential commentary surrounding the economy amid higher-than-average inflation and recession concerns around the world.

What's Next

Apple's first quarter of fiscal 2023 began September 25 and runs through December 31. The quarter has already included the launch of new iPad Pro models with the M2 chip and the 10th-generation iPad, along with pre-orders for a new Apple TV.

Apple has not provided guidance since the start of the COVID-19 pandemic, but analysts expect Apple to post single-digit year-over-year growth in Q1 2023.

AAPL is currently trading at around $147, down around 20% from a 52-week high of $182.94.

Article Link: What to Expect From Apple's Earnings Results Today Following iPhone 14 Launch

 

[1557750]

There are no earnings.

They own loan sharks.

 

[TheYayAreaLiving 🎗️]

Apple is going to kill it. Expecting Services revenue to be up, all-time high. 📈

I hope Apple will drop some hints about the AR/VR headset 👓

 

[JPack]

Looking forward to forecasts, as most investors likely are. That’s the real news for the next few quarters.

 

[sw1tcher]

Looking forward to forecasts, as most investors likely are. That’s the real news for the next few quarters.

Apple hasn't issued guidance in a while (since early days of Covid) if I remember correctly. I don't expect them to give guidance again as it allows them to easily meet or beat wall street estimates.

 

[applepotato666]

This one is very interesting to me with the European prices this year. Maybe services will be doing better. But the end of it will probably be more interesting.

 

[erikkfi]

I expect Apple's decision to release an unappealing base model iPhone 14 to have the intended effect of driving the average selling price upward.

 

[fwmireault]

I’d love to see a shareholder ask why the f* did they keep the gen 1 apple pencil on the new ipad with a new adaptor

 

[RalfTheDog]

I suspect the stock will explode. Then it will tank. Then it will explode again. Then it will Tank yet again...

 

[ProfessionalFan]

They'll crush expectations as usual

 

[JPack]

I expect Apple's decision to release an unappealing base model iPhone 14 to have the intended effect of driving the average selling price upward.

Easier to just increase price of the Pros to get more people to buy mainstream models.

 

[sw1tcher]

I’d love to see a shareholder ask why the f* did they keep the gen 1 apple pencil on the new ipad with a new adaptor run gambling ads next to apps that are designed to help fight gambling addiction

That's what I want to hear.

 

[syklee26]

Currency exchange is unfavorable so their earnings may not fare well for this quarter. Overall demand is shrinking for next couple of quarters so that is not good either, but, at the end of the day, Apple will be fine.

 

[JPack]

I’d love to see a shareholder ask why the f* did they keep the gen 1 apple pencil on the new ipad with a new adaptor

The adapter probably has an 800% margin. I don’t think you understand the motivations of most shareholders.

 

[tubular]

Likely bad year-over-year but humongous in absolute terms.

 

[WilliApple]

Apple will say: The iPhone flopped, but we will do better in the future.

 

[Brad7]

AAPL is the top dog of the stock market and everyone is waiting to see how it does. Macro movement will follow accordingly. Some analysts even pay more attention to AAPL than the FED to see how the market will go.

 

[mdnz]

Apple is going to kill it. Expecting Services revenue to be up, all-time high. 📈

I hope Apple will drop some hints about the AR/VR headset 👓

See you tonight, Tim

 

[GeneralChang]

Slightly off topic I admit, but the picture for this article has changed at least twice since it was posted 40 minutes ago. MacRumors, are you guys all right?

 

[TheYayAreaLiving 🎗️]

Slightly off topic I admit, but the picture for this article has changed at least twice since it was posted 40 minutes ago. MacRumors, are you guys all right?

MacRumors picked the right picture now. 3rd time is a charm, right? iPhone sales will blockbuster. The biggest highlight.

 

[BuddyTronic]

Apple showed that they were "pandemic-proof"

Apple will now show that they are "fake-recession-proof"

People don't like high food and gas prices - I get that - but lots of companies are continuing to do well.

Try to rationalize Record breaking quarter revenue and recession - I have trouble figuring that out.

 

[CarAnalogy]

Looking forward to forecasts, as most investors likely are. That’s the real news for the next few quarters.

I'm no expert but it seems to me forecasts are done. It's been two years now without them and nobody that could do anything to change that seems to care.

 

[CarAnalogy]

Apple showed that they were "pandemic-proof"

Apple will now show that they are "fake-recession-proof"

People don't like high food and gas prices - I get that - but lots of companies are continuing to do well.

Try to rationalize Record breaking quarter revenue and recession - I have trouble figuring that out.

It's easy. In every economic situation some people benefit and some lose. Just because they continue to rake in money consistent with inflation doesn't mean there is not a recession. The C level executives are never going to feel any pressure. It's everyone else that's just making a regular salary and is not getting raises. People are getting laid off. Just because the richest company in America continues to make money does not mean that the recession is "fake."

Apple specifically caters to the "recession-proof" market.

 

[JPack]

I'm no expert but it seems to me forecasts are done. It's been two years now without them and nobody that could do anything to change that seems to care.

Maybe forecast was the wrong word, but perhaps data points about inflation, currency, and demand in China. Some analysts are good at asking questions that prompt Tim and Luca to paint a picture with their response.

 

[Joe Rossignol]

Slightly off topic I admit, but the picture for this article has changed at least twice since it was posted 40 minutes ago. MacRumors, are you guys all right?

You weren't supposed to witness my live A/B testing