Apple is set to announce its Q2 2025 financial results on Thursday, May 1st, with analysts projecting modest growth despite challenges like U.S.-China tensions and AI rollout delays. The LSEG consensus estimates revenue at approximately $94.68 billion, a 3.8% year-over-year increase, and earnings per share at $1.63, up 6% from last year.
Product revenue expectations are mixed. iPhone sales, comprising over 50% of revenue, are forecasted at $46-$48 billion, reflecting slight growth driven by iPhone 16 demand but tempered by market weakness in China. Mac revenue is projected at $7.5-$8 billion, flat to slightly up, supported by M4 MacBook Air updates. iPad sales are expected to rebound to $6.5-$7 billion, bolstered by new iPad Air and Pro models. Services, a key growth driver, are anticipated to reach $24.5-$25 billion, up 12%-14%, fueled by subscriptions and Apple Intelligence features. Wearables, including Apple Watch and AirPods, are estimated at $8-$8.5 billion, down slightly due to softer demand.
Analysts remain cautiously optimistic, eyeing Services and the Apple Intelligence rollout as long-term catalysts despite tariff, supply chain, and software/AI execution concerns.
MacDailyNews Note: As always, we’ll have Apple’s results for you as soon as they are available, right around 1:30pm PDT / 4:30pm EDT and follow closely thereafter with live notes from Apple’s conference call with analysts starting at 2:00pm PDT / 5:00pm EDT. Just check our homepage at those times for both.
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