Apple reports earnings after the bell Thursday - CNBC

Apple reports fiscal first-quarter earnings aft the bell. Analysts expect the iPhone shaper to station its first year-over-year gross decline since 2019. Here's what Wall Street is expecting, per Refinitiv statement expectations.

• Revenue: $121.19 billion
• Earnings per share: $1.94 per share
• iPhone revenue: $68.29 billion
• iPad revenue: $7.76 billion
• Mac revenue: $9.63 billion
• Other products revenue: $15.23 billion
• Services revenue: $20.67 billion

The superior absorption for investors volition beryllium the company's December 4th revenue. In November, Apple gave a uncommon informing explaining that accumulation issues successful China stemming from Covid restrictions would effect successful lower than anticipated shipments.

The information constituent caused galore analysts covering the banal to slash their estimates.

Customers successful galore regions noticed that Apple shipping times for the high-end iPhone 14 Pro slipped past a period during the quarter, versus emblematic pb times of nether a week, meaning that the premium iPhones were a pugnacious Christmas contiguous for radical to get their hands on.

Now investors are looking for 2 answers connected Thursday: How overmuch did Apple income truly gaffe due to the fact that of the accumulation issue, and volition radical who missed retired connected an iPhone 14 Pro successful December hold until 2023 to prime 1 up, which would efficaciously propulsion income from the 1st 4th into the 2nd quarter?

Investors whitethorn beryllium capable to get the reply to the 2nd question from Apple's guidance. Apple hasn't fixed guidance since 2020, citing uncertainty archetypal caused by the pandemic. However, Apple absorption usually gives a fewer information points that springiness analysts a consciousness of however the 4th is going.

Analysts expect Apple to study $98 cardinal successful income successful the March quarter, oregon flimsy year-over-year growth. If Apple's information points suggest that it mightiness travel successful nether that figure, investors whitethorn question whether Apple tin proceed to outperform the marketplace and whether waning user assurance whitethorn beryllium starting to wounded its business.

The smartphone market and the PC market are some successful the midst of a multiple-year slowdown, with income falling successful 2022. Analysts judge that Apple has done amended than overmuch of its contention adjacent arsenic shipments fall, but if user assurance is eroding, yet income of Apple's premium-priced phones and computers volition dilatory down.

Aside from hardware, Apple's services concern volition beryllium a absorption aft the bell. Several information points successful the December quarter, including Apple's own App Store payouts, suggest a slowdown successful App Store growth. The App Store is 1 of the largest components successful Apple's services business, which is expected to full $20.67 cardinal successful income during the quarter, which would correspond a astir 6% maturation rate.