Apple Q1 Earnings Preview: Strong iPhone Sales Amid Rising Memory Costs
Brief news summary
Apple is set to report its fiscal first-quarter earnings after market close on Thursday, with analysts expecting adjusted earnings of $2.67 per share on $138.4 billion in revenue, up from $2.40 per share and $124.3 billion a year ago. Strong holiday demand for iPhones is anticipated to be a key driver, as iPhone sales account for the majority of Apple’s revenue. For the December quarter, iPhone revenue is projected to rise 6.4% year-over-year to $78.2 billion. However, despite solid sales, rising memory costs could present challenges for Apple’s outlook, potentially impacting profit margins going forward. Investors will be watching closely to see if the company can maintain its growth trajectory amid these cost pressures and the broader tech market environment.Apple’s upcoming earnings report could reflect strong holiday iPhone demand, although rising memory costs might present challenges to the tech giant’s future outlook. The company is set to announce its fiscal first-quarter results after the stock market closes on Thursday. According to analysts surveyed by FactSet, Apple is expected to deliver adjusted earnings of $2. 67 per share on revenue totaling $138. 4 billion.
This would represent an increase from last year’s earnings of $2. 40 per share and revenue of $124. 3 billion during the same quarter. Investors will closely monitor iPhone sales, as this product generates the majority of Apple’s revenue. Analysts anticipate the company will report iPhone revenue of $78. 2 billion for the December quarter, marking a 6. 4% rise compared to the previous year.
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Apple Q1 Earnings Preview: Strong iPhone Sales Amid Rising Memory Costs
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