September 30, 2023

Apple on Thursday introduced that the corporate will announce its earnings for the primary quarter of 2023 (the fourth calendar quarter) on Thursday, February 2.

The primary quarter earnings name will present some perception into vacation gross sales of the iPhone 14 fashions, the Apple Watch Sequence 8 and Extremely, new iPad fashions, and the AirPods Professional 2. iPhone gross sales have been constrained throughout the quarter due to points with provide. Apple in November despatched out a press launch warning about COVID-19 impacts on iPhone 14 Professional and Professional Max shipments, letting clients know to count on longer than regular wait instances.

Final week, Apple shares hit an 18-month low given the continuing iPhone cargo points, a broader downturn within the inventory market, and Apple’s lack of ability to satisfy demand throughout the vacation quarter.

Apple didn’t present steering on the primary quarter of 2023, however within the first quarter of 2022, the corporate reported income of $123.9 billion and web quarterly revenue of $34.6 billion.

The earnings assertion will likely be launched at 1:30 PM Pacific/4:30 PM Japanese, with a convention name to debate the report happening at 2:00 PM Pacific/5:00 PM Japanese.

Keep tuned for extra particulars as they grow to be obtainable.

By way of MacRumors and

See also  Apple Pay expands, launches in Brazil