Apple is set to report fiscal fourth-quarter (Q421) financial results after the close of trading on Thursday. We’ll have them for you right around 1:30pm PDT / 4:30pm EDT on the 28th.
Street estimates call for revenue of $84.9 billion and earnings of 73 cents a share in the September quarter, and there is every reason to think the company will continue its recent pattern and blow away what are likely conservative analyst expectations. June quarter results beat Street revenue estimates by nearly $10 billion and earnings topped consensus by about 30%.
But the stock is suffering from an assortment of nagging woes that likely won’t be resolved with this week’s earnings report. While it would hardly be shocking to see another strong quarter of iPhone sales, keep in mind that Apple CFO Luca Maestri three months ago warned that component issues were intensifying, with a potential impact in the quarter on iPhone and iPad sales. There have also been repeated recent reports of iPhone 13 shortages, reportedly tied to tight supplies of the camera modules used in the high-end versions of the new phone lineup.
Street consensus calls for September quarter iPhone revenue of $41.2 billion; revenue of $8.8 billion for iPads; $9.1 billion for Macs; $9.4 billion for wearables, home and accessories; and $17.7 billion for services.
MacDailyNews Take: We don’t expect Q122 guidance to be provided.
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!
Apple will do well, but I don’t expect any share gains from even a great earnings report. As long as the buyback plan is going on, I think investors will wait until year’s end to start loading up on Apple stock. I think it’s best to keep the share price low and let Apple spend that buyback cash to get rid of as many outstanding shares as possible. Waiting a month or so doesn’t matter to me.
How much of Apple’s massive cash pile should it be expected to put toward climate change initiatives? It does, after all, claim to be clean and green.