Shares of Apple rose in Thursday morning trading ahead of the world’s most valuable company’s fiscal fourth quarter results, due after the closing bell.
Shares are up $2.83, or 1.62% to $176.79.
Apple is scheduled to report its fourth fiscal quarter (Q423) results and business updates on Thursday, November 2, 2023 at 1:30 p.m. PDT / 4:30 p.m. EDT.
Here’s what Wall Street is expecting, per LSEG estimates:
• Revenue: $89.28 billion
• EPS: $1.39
Here are the revenue expectations for each of the company’s product lines, per Street Account estimates:
• iPhone: $44 billion
• Services: $21.42 billion
• Wearables, Home, and Accessories: $9.4 billion
• Mac revenue: $8.5 billion
• iPad revenue: $6.14 billion
MacDailyNews Note: As always, we’ll have Apple’s results for you on Thursday right around 1:30 p.m. PDT / 4:30 p.m. EDT (just check our home page). Following the earnings release, we’ll cover Apple’s fiscal Q423 conference call with live notes starting at 2:00 p.m. PDT / 5:00 p.m. EDT.
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