Apple is set to report fiscal fourth quarter earnings today after the closing bell.

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	Forwarded this email? Subscribe here for more All eyes on Apple as company reports earning today after closing bell MacDailyNews Oct 31   READ IN APP   Apple is set to report fiscal fourth quarter earnings today after the closing bell. As usual, we’ll have the results for you right around 1:30pm PDT / 4:30pm EDT followed by live notes from Apple conference call with analysts starting at 2:00pm PDT / 5:00 EDT. For the quarter, Wall Street expects Apple to report earnings per share (EPS) of $1.59 on revenue of $94.3 billion, according to Bloomberg consensus estimates. The company saw EPS of $1.46 on revenue of $89.4 billion during the same period last year. Daniel Howley for Yahoo Finance: ‎ Apple will announce its fourth quarter earnings on Thursday as Wall Street looks for clues as to whether the company’s Apple Intelligence platform is juicing iPhone sales or not. Apple launched the artificial intelligence platform via software updates for its iPhone, iPad, and Mac on Monday, but the company has been advertising it for far longer, especially for the iPhone. The software is also only compatible with the iPhone 15 Pro and iPhone 15 Pro Max, as well as the iPhone 16 and iPhone 16 Pro lines, which means users with older phones will need to upgrade to access the platform. And the hope, at least for Apple and its investors, is that the move will help spark a new iPhone sales supercycle. Apple’s iPhone sales are expected to total $45 billion, up 2.8% versus Q4 2023, while the company’s Services business is expected to top out at $25.2 billion. That’s a 13% year-over-year increase from the $22.3 billion the segment brought in in Q4 2023. Analysts also predict the iPad segment will grow 9.7% to $7 billion but anticipate a 1.6% year-over-year decline in Apple’s wearables business revenue to $9.1 billion. ‎ MacDailyNews Take: As the Apple Intelligence vapor condenses and more and more features roll out, a multi-year iPhone supercycle will ensue. We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Upgrade to paid You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe