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All Eyes On Apples Earnings Report Later Today; What To Expect

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All Eyes On Apples Earnings Report Later Today; What To Expect

All eyes on Appleâs earnings report later today; what to expect

Apple (NASDAQ: AAPL) is scheduled to announce its second quarter results for the fiscal year 2023 on Thursday, May 4, after the market closes. The tech giant is expected to report a decline in revenue and earnings per share compared to the same period last year, due to supply constraints, macroeconomic challenges, and tough comparisons.

According to analysts polled by MarketBeat, the consensus estimate for Appleâs Q2 revenue is $97.4 billion, down 5.4% year over year, while the EPS estimate is $1.83, down 2.7% year over year. However, some analysts are more optimistic and expect Apple to beat the expectations, citing strong demand for its products and services, especially the iPhone 14 and the M2 Macs.

Apple did not provide any guidance for the quarter during its Q1 earnings call in February, but CFO Luca Maestri said that revenue would be similar to the December quarter on a constant currency basis. He also said that services revenue would grow by double digits year over year, while iPhone revenue would increase slightly. On the other hand, Mac and iPad revenue would decline by double digits year over year, due to product release cycles and supply issues.

Investors will also be looking for updates on Appleâs installed base growth, which reached a milestone of 2 billion active devices in Q1. The companyâs services segment, which includes App Store, Apple Music, Apple TV+, iCloud, and more, set an all-time record of $20.8 billion in Q1, driven by the growing number of paid subscriptions and higher engagement levels. Apple will also announce its quarterly dividend payment, which was $0.23 per share in Q1.

Appleâs earnings call will be live streamed on its investor relations website at 2:00 p.m. PT / 5:00 p.m. ET on May 4. MacRumors will provide live coverage of the event as well.

Besides the financial numbers, investors and analysts will also be interested in hearing about Appleâs product pipeline for the rest of the year. According to various rumors and reports, Apple is working on several new products and updates, including:

A new Mac Pro with a modular design and an M2X chip that could offer up to 40 CPU cores and 128 GPU cores.

A new 27-inch iMac with a redesigned chassis and an M2 Pro or M2 Max chip.

A new MacBook Air with a thinner and lighter design, a mini-LED display, MagSafe charging, and an M2 chip.

A new iPad mini with a larger 8.4-inch display, slimmer bezels, and a Touch ID power button.

A new iPad Pro with a glass back that could enable wireless charging and reverse wireless charging.

A new iPhone SE with a 4.7-inch LCD display, an A15 chip, 5G support, and a dual-camera system.

A new Apple Watch Series 9 with a faster processor, improved battery life, and new health features such as blood pressure monitoring and body temperature sensing.

A new Apple Watch Ultra with a premium design, a titanium or ceramic case, a sapphire crystal display, and exclusive features such as an ECG sensor and a pulse oximeter.

A new AirPods Pro with a smaller stem, improved noise cancellation, spatial audio, and wireless charging.

A new HomePod mini with a spherical design, improved sound quality, and additional color options.

A new Apple TV with an A14X chip, 120Hz support, HDMI 2.1, and a redesigned Siri Remote.

A new Apple AR headset with a sleek design, high-resolution displays, advanced sensors, eye tracking, hand tracking, spatial audio, and a dedicated App Store.

Of course, not all of these products may launch in 2023, as some of them could face delays or cancellations due to various factors. However, itâs clear that Apple has a lot of potential to surprise and delight its customers and shareholders with its innovation and creativity. ec8f644aee


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