Apple will be announcing its 2023 fiscal first quarter results later today. Here's what to expect from the holiday quarter earnings — and what Wall Street is predicting.
Long-time Apple rival Samsung had an incredibly bad fourth quarter, with the global economic downturn blamed for a 69% drop in quarterly operating profit.
With lower than normal iPhone shipments, Morgan Stanley is following consensus for Apple's first quarter results for 2023.
Soft holiday iPhone sales will hit Apple's first fiscal quarter, while strong currencies against a weaker dollar may have helped Apple's finances according to UBS analysts.
Apple's flurry of January launches may be the company's last major releases for some time, with a lack of inbound new products expected for the second quarter meaning there could be quite a few months to wait for something new to surface.
Global smartphone shipments fell 17% in the 2022 holiday quarter versus 2021, but the iPhone reclaimed the top spot despite supply issues.
Despite seeing its Services arm grow at a steady pace over the years, analysts believe Apple is still considered a device producer, with middling take-up of its various non-hardware elements by customers.
Fresh after rumors of using OpenAI's writing technology in its productivity apps, Microsoft is now preparing to invest $10 billion into the AI tool company.
Apple has revealed it will be announcing details of its earnings for the first fiscal quarter of 2023 on February 2, with its typical results accompanied by an investor conference call featuring CEO Tim Cook and CFO Luca Maestri.
Apple has started 2023 with a reduced market capitalization that's dropped below $2 trillion, a stark change from hitting $3 trillion exactly one year before.
Apple's China problems has prompted JP Morgan to moderate its December quarter expectations, trimming its price target due to long iPhone 14 Pro lead times.
Supplies of the iPhone 14 Pro models have improved and moderated lead times for getting into the hands of customers, JP Morgan's tracker indicates, but lead times will continue to be a focus throughout December.
The prospect of Apple acquiring Disney seems not just unlikely, but incredibly improbable, after the returning CEO told employees the rumors are "pure speculation."
Apple's Chinese iPhone factory misfortunes will certainly impact shipments, says JP Morgan, but the full impact won't be known until the facility returns to normal output.
Well in advance of the annual shareholders' meeting, Apple investors have filed challenges that the board must address, such as the company's stance on unions and human rights in China.
Apple's reduction in iPhone 14 production at Foxconn's Zhengzhou factory will hit revenue for the holiday quarter, says Morgan Stanley, but it also presents an opportunity for investors to "buy the dip."
Despite COVID-related supply chain issues and Apple warning of lower shipments of the iPhone 14 Pro, Wedbush insists that investors should maintain their holding in Apple.
Lead times for the iPhone 14 Pro models have stabilized after increasing due to the Zhengzhou factory's COVID issues, an availability tracker states, while demand for the iPhone 14 models are "modest" in comparison.
Apple reported a record September quarter with $90.15 billion in revenue, and analysts are optimistic that the company will remain strong in the December quarter.
Apple is selling as many iPhone 14 Pro models as it can make, and the company is benefitting from savings thanks to reduced supply costs, says CEO Tim Cook.
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Malcolm Owen
Andrew Orr
Wesley Hilliard
