Apple Earnings Report: Apple (AAPL) is scheduled to release its earnings report after the market closes on Thursday, November 2. Investors are closely watching several key factors during this announcement. Experts and industry analysts provide insights into what’s important to know.
Kineo Capital Managing Partner Jim Strugger suggests an option trade based on Apple earnings, aiming for minimal stock movement after the announcement. He emphasizes taking advantage of heightened implied volatility and selling options to those who expect significant price swings in Apple shares.
Apple’s new products, such as chips, laptops, and iMac, and their potential impact on earnings. While Apple’s Mac sales for the current quarter are expected to be lower for laptops and desktops, these new product launches may positively influence Mac revenue. The extent of this impact will become clearer with the earnings report.
Creative Strategies CEO and Principal Analyst Ben Bajarin highlights some of the challenges Apple faces ahead of earnings, including supply constraints as they transition to new process technology for high-end iPhones. He emphasizes the importance of monitoring Average Selling Prices (ASPs) and gross margins to understand whether Apple’s customer base is leaning toward higher-end products, a trend seen in recent years.
Also read: Apple Game-Changing Unveil: New MacBooks, iMacs, and Cutting-Edge Chips
Our Reader’s Queries
What time is Apple earnings date 2023?
On November 16, 2023, shareholders of record as of November 13, 2023, will receive the dividend. Apple will stream its Q4 2023 financial results conference call live on November 2, 2023, at 2:00 p.m. PT on apple.com/investor/earnings-call.
Is Apple expected to have a good earnings report?
As per Zacks Investment Research, 12 analysts have predicted a consensus EPS forecast of $2.08 for the upcoming quarter. This is a positive increase from the reported EPS of $1.88 for the same quarter last year.
Will Apple beat earnings Q4 2023?
Apple Inc. has surpassed earnings expectations with a reported EPS of $1.46, exceeding the projected $1.39. This impressive achievement is a testament to the company’s continued success and innovation in the tech industry.
Why did Apple go down after earnings?
Despite exceeding revenue and earnings-per-share (EPS) expectations, Apple’s stock experienced a drop. The main concern was whether Apple could boost the pace of iPhone sales, which may have prevented a more significant selloff.