Apple to Report Earnings on November 2 Following iPhone 15 Launch

Wednesday October 4, 2023 8:49 pm PDT by Joe Rossignol

Apple has announced that it will report its earnings results for the fourth quarter of the 2023 fiscal year on Thursday, November 2. The report will be available at 1:30 p.m. Pacific Time on that day, and Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call with analysts at 2:00 p.m. Pacific Time.

iPhone 15 Pro lineup
A live audio stream of the call will be available on Apple's Investor Relations page, and a recording will be available later in the day for replay.

The quarter ran from July 2 through September 30. During this period, Apple's key product launches included the iPhone 15 lineup, Apple Watch Series 9, Apple Watch Ultra 2, and updated AirPods Pro with a USB-C charging case.

Apple has not provided formal guidance since early 2020, but analysts expect the company to report quarterly revenue of around $89.2 billion on average, according to Yahoo Finance. Apple reported $90.1 billion revenue in the year-ago quarter.

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

We expect our September quarter year-over-year revenue performance to be similar to the June quarter, assuming that the macroeconomic outlook doesn't worsen from what we are projecting today for the current quarter.

AAPL closed at $173.66 today, down from a 52-week high of $198.23.

Tags: AAPL, Earnings

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Top Rated Comments

FattiesGoneWild

41 months ago

Should be interesting

Hardly. It’s the same spiel with record revenue and the 15 series selling the fastest ever. Pro/Max being the best sellers with most profit. Tough times apparently yet, everyone always suddenly has money for these expensive phones every year.

Score: 8 Votes (Like | Disagree)

Oscar_440

41 months ago

Hardly. It’s the same spiel with record revenue and the 15 series selling the fastest ever. Pro/Max being the best sellers with most profit. Tough times apparently yet, everyone always suddenly has money for these expensive phones every year.

Yup, the culture of paying with anyone else's money (credit) and paying monthly it's quite "easy".
Despite that, I start seeing serious critical voices around Apple policies from sources that never thought would be critical with the company and its porducts. Let's see what happens in coming years

Score: 4 Votes (Like | Disagree)

Bonte

41 months ago

People tend to value a good phone and I agree, it really is a big part of their lives. To save money they live longer with the parents. That bodes well for the Vision Pro as it caters to people living in small quarters and shared housing as it provides a very personal and sealed off experience with zero space needed.

Score: 4 Votes (Like | Disagree)

svish

41 months ago

Should be a good quarter for Apple. The one week of sales of the new iPhones should definitely help.

Score: 4 Votes (Like | Disagree)

Wildkraut

41 months ago

I’m wondering the same thing too. I visited New York last August and everyone I saw had a top of the line iPhone. I don’t believe for one second there is gonna be a recession. People learned from 2008 and they have been saving and stashing money away. Disposable incomes seem to be much larger to warrant purchases like these. Supermarkets aren’t empty either. Every week I go it’s struggle to get through. I came back from the barber this evening and the restaurants on both sides of town were packed with people eating out and it’s just the middle of the week.

They just don’t care anymore and always look on the bright side of life until the house of cards collapses. Top of the line iPhone for posing and huge debt on multiple cards.

https://www.bankrate.com/personal-finance/debt/average-american-debt/#key-insights-on

Score: 4 Votes (Like | Disagree)