Apple to Report Earnings Results on August 1 After Releasing New iPads Last Quarter
Apple recently announced that its next quarterly earnings conference call will be held on Thursday, August 1 at 2 p.m. Pacific Time.
On the call, which anyone can listen to, Apple's CEO Tim Cook and CFO Luca Maestri will discuss the company's earnings results for the third quarter of the 2024 fiscal year. During the quarter, spanning March 31 through June 29, Apple released new iPad Pro models with the M4 chip, new iPad Air models with the M2 chip, and the Apple Pencil Pro. Near the end of the quarter, Apple also began accepting orders for the Vision Pro in eight more countries and regions, including Australia, Canada, the U.K., China, Japan, and more.
Apple has not provided formal guidance since early 2020, but analysts expect the company to report quarterly revenue of $77.2 billion on average, according to Yahoo Finance. Apple reported $81.8 billion revenue in the year-ago quarter.
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Apple today announced financial results for the fourth fiscal quarter of 2026, which corresponds to the third calendar quarter of the year. The quarter included a number of August and September product releases from Apple, as well as the CEO transition from Tim Cook to John Ternus that took place on September 1.
For the quarter, Apple posted revenue of $114.5 billion and net quarterly profit ...
Apple held its earnings call for the fourth fiscal quarter of 2026 today, and it was Apple CEO John Ternus' first earnings call in his new role. He had Apple CFO Kevan Parekh on hand, and he brought in Chief Operating Officer Sabih Khan.
The trio covered iPhone Duo sales, Siri AI, and increasing memory costs, among other topics.
iPhone Duo
After the earnings release, Ternus told Reuters...
Loop Capital has lowered its rating on Apple from "Buy" to "Hold," saying the company is unlikely to make up an estimated 13 million iPhone shipments cut from its plans for the second half of 2026, according to Investing.com.
The firm reduced its Apple stock price target from $370 to $330. Loop previously believed shortages of memory and processors had delayed shipments that Apple would...
