Overview

• Apple is set to report fiscal third-quarter results after market close on July 31, with analysts surveying a revenue estimate near $89.34 billion.
• iPhone sales are forecast to rise just over 2% year-over-year, signaling a stabilization of Apple’s core hardware business.
• Services revenue is predicted to grow about 11% to roughly $26.8 billion, underscoring its role as Apple’s chief growth engine.
• CEO Tim Cook warned that reciprocal tariffs on foreign-made electronics will cost Apple around $900 million in the quarter, pressuring gross margins.
• Investors will watch for updates on the delayed Apple Intelligence AI suite, the impact of a 240% surge in India-produced iPhones, and the timeline for expected foldable devices by 2026.