Apple to report earnings amid reports of weak iPhone 14 demand - Yahoo Finance

2 years ago 40

Apple (AAPL) volition study its fiscal 4th fourth net connected Wednesday aft reports that it’s cutting backmost connected production of its iPhone 14 Plus and aft disappointing results from different mega headdress tech companies.

Here’s what analysts expect from the institution successful the quarter, arsenic compiled by Bloomberg, compared to however the tech elephantine performed successful the aforesaid 4th past year.

Revenue: $88.64 cardinal expected versus $83.36 cardinal successful Q4 2021
EPS: $1.26 expected versus $1.25 successful Q4 2021
iPhone: $42.67 cardinal expected versus $38.87 cardinal successful Q4 2021
Mac: $9.25 cardinal expected versus $9.18 cardinal successful Q4 2021
iPad: $7.81 cardinal expected versus $8.25 cardinal successful Q4 2021
Wearables: $8.8 cardinal expected versus $$8.79 cardinal successful Q4 2021
Services: $19.97 cardinal expected versus $18.28 cardinal successful Q4 2021

Apple released its iPhone 14 and Apple Watch Series 8 enactment successful September. The iPhone 14 Pro and iPhone 14 Pro Max packed amended displays, processors, and cameras than the little costly iPhone 14 and iPhone 14 Plus.

The Pro and Pro Max could assistance Apple spot a higher mean selling terms connected its smartphones, which could compensate for a imaginable diminution successful wide sales. Apple besides precocious announced that it's raising the prices connected its services including Apple Music+, Apple TV+, and its Apple One combo. Apple Music+ went from $10 to $11 for an idiosyncratic plan, Apple TV+ went from $5 to $7, and Apple One went from $15 to $17.

FILE - Apple CEO Tim Cook speaks astatine an Apple lawsuit connected the field of Apple's office successful Cupertino, Calif., connected Sept. 7, 2022. Apple Music is astir to scope a immense numerical milestone — offering an eye-popping 100 cardinal songs disposable connected the streaming service. (AP Photo/Jeff Chiu, File)

Apple, similar astir tech companies, is besides dealing with overseas speech headwinds caused by a beardown dollar, which is eating into wide revenue.

According to expert Dan Ives, however, Apple could inactive surpass net expectations.

“We judge contempt the F/X dynamic that Apple volition inactive beryllium capable to deed the Street's $89 cardinal top-line estimation with stronger ASPs from iPhone 14 the leader of the time that could pb to a humble gross upside,” Ives wrote successful a caller capitalist note.

The expert besides said services gross should conscionable expectations contempt challenges successful the quarter

Investors volition besides beryllium looking astatine Apple’s China income to find however the country’s consumers are dealing with the slowdown and whether COVID lockdowns person hammered sales.

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