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In an eagerly awaited announcement, Apple Inc. has revealed that it will unveil its earnings report for the fourth quarter of the 2023 fiscal year on Thursday, November 2. The disclosure is scheduled for 1:30 p.m. Pacific Time, with a subsequent conference call featuring Apple’s CEO, Tim Cook, and CFO, Luca Maestri, slated for 2:00 p.m. Pacific Time.
For those keen to tune in, a live audio stream of the call will be accessible on Apple’s Investor Relations page. Additionally, a recording of the call will be made available later in the day for those who may have missed the live session.
This quarter, which spanned from July 2 to September 30, witnessed a slew of noteworthy product launches by Apple. These included the much-anticipated iPhone 15 series, along with the unveiling of the Apple Watch Series 9, Apple Watch Ultra 2, and an updated iteration of the AirPods Pro, now equipped with a USB-C charging case.
Yahoo Finance reports that while Apple hasn’t issued formal guidance since early 2020, market analysts are predicting an average quarterly revenue of approximately $89.2 billion. This comes in close proximity to the $90.1 billion revenue reported by Apple in the corresponding quarter of the previous year.
Reflecting on the previous earnings call, Luca Maestri offered insights:
“In the upcoming September quarter, we anticipate a revenue performance akin to that of the June quarter, contingent on the prevailing macroeconomic conditions aligning with our current projections.”
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