Overview
- Apple’s earnings release is due after the 4 p.m. ET close, with a conference call at 5 p.m. ET on its Investor Relations site led by CEO Tim Cook and CFO Kevan Parekh.
- Wall Street consensus expects about $102.1 billion in revenue and $1.77 in earnings per share for the quarter.
- Early Counterpoint data shows iPhone 17 launch sales up roughly 14% versus iPhone 16 in the first 10 days in the U.S. and China.
- Apple has begun shipping AI servers from a Houston facility, marking tangible progress in its AI infrastructure that could lift capital spending.
- Cook previously warned of an estimated $1.1 billion tariff hit this quarter, and analysts will listen for the company’s read on actual costs and its near-term outlook.