Apple is set to report its fiscal second-quarter earnings on Thursday, marking its first earnings call since the announcement of Tim Cook’s departure as CEO after 15 years. Investors are anticipating earnings per share of $1.95 and revenues of $109.7 billion, driven largely by iPhone sales, which are expected to reach $56.7 billion, reflecting a 20% year-over-year increase fueled by the popularity of the iPhone 17.
Analysts also expect significant contributions from Apple’s services sector, projected at $30.4 billion, and a gross margin of 48.4%. With the recent introduction of new products, including the budget-friendly MacBook Neo, the focus will also be on how incoming CEO John Ternus plans to navigate the competitive landscape, particularly in artificial intelligence, where Apple has lagged behind peers in investment.
A key takeaway for investors will be how Apple addresses rising memory costs amid increased demand from AI technologies, especially given the company’s historical ability to manage costs effectively. This earnings report could provide crucial insights into Apple’s strategic direction under new leadership.
Source: cnbc.com