Here's what Wall Street expects from Apple's Q124 earnings on Thursday
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Here’s what Wall Street expects from Apple’s Q124 earnings on Thursday
Wednesday, January 31, 2024 10:32 amNo Comments
On Thursday, after the closing bell, for fiscal first quarter 2024 earnings, Apple is expected by Wall Street analysts to post quarterly earnings of $2.09 per share, reflecting a year over year increase of 11.2%. Revenues are forecasted to be $117.62 billion, an increase of 0.4% YoY.
Analysts expect ‘Revenue- Wearables, Home and Accessories‘ to come in at $11.27 billion. The estimate indicates a year-over-year change of -16.4%.
The consensus among analysts is that ‘Revenue- iPhone‘ will reach $68.64 billion. The estimate points to a change of +4.4% from the year-ago quarter.
The average prediction of analysts places ‘Net Sales- Services‘ at $23.40 billion. The estimate indicates a year-over-year change of +12.7%.
Analysts forecast ‘Revenue- Mac‘ to reach $7.77 billion. The estimate points to a change of +0.4% from the year-ago quarter.
Analysts predict that the ‘Net Sales- Products‘ will reach $94.45 billion. The estimate points to a change of -2% from the year-ago quarter.
Analysts’ assessment points toward ‘Revenue- iPad‘ reaching $6.77 billion. The estimate indicates a change of -28% from the prior-year quarter.
MacDailyNews Take: As usual, we plan to have Apple’s earnings posted (just check our home page) as soon as they are available, right around 1:30pm PT / 4:30pm ET on Thursday, February 1st.
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