What to expect from Apple's holiday quarter earnings report
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.
Investor
Malcolm Owen
Cowen forecasts 'soft' iPhone impacting Apple's Q1 2023 financials
Apple's holiday quarter results will be lower than 2021, according to Cowen, with "softness" expected due to iPhone shipments impacted by Chinese lockdowns.
Samsung's terrible quarter delivered lowest profit in 8 years
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.
Morgan Stanley slightly pessimistic on Apple's Q1 2023
With lower than normal iPhone shipments, Morgan Stanley is following consensus for Apple's first quarter results for 2023.
Soft iPhone sales will hit Apple's Q1 2023 finances, weak dollar will help
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.
After Apple's busy January, the rest of the quarter may be quiet
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.
Apple reclaims smartphone market lead despite 17% contraction
Global smartphone shipments fell 17% in the 2022 holiday quarter versus 2021, but the iPhone reclaimed the top spot despite supply issues.
Andrew Orr
Apple's Services penetration isn't high despite years of growth
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.
Microsoft dumping ton of cash into ChatGPT Office infusion
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.
Wesley Hilliard
