Apple reports earnings after the bell Thursday

General News

▤ Summary

Tim Cook, chief executive officer of Apple Inc., speaks during a "First Tool-In" ceremony at the TSMC facility under construction in Phoenix, Arizona, on Tuesday, Dec. 6, 2022. In November, Apple gave a rare warning explaining that production issues in China stemming from Covid restrictions would result in lower than anticipated shipments. Customers in many regions noticed that Apple shipping times for the high-end iPhone 14 Pro slipped past a month during the quarter, versus typical lead times of under a week, meaning that the premium iPhones were a tough Christmas present for people to get their hands on. Analysts expect Apple to report $98 billion in sales in the March quarter, or slight year-over-year growth. The App Store is one of the largest components in Apples services business, which is expected to total $20.67 billion in sales during the quarter, which would represent a nearly 6% growth rate.

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Web and Content Management

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Operating Systems Consumer Software Cloud Services

▦ Linked Companies

Apple Inc.
$1B+