Apple to Report Earnings on November 2 Following iPhone 15 Launch

Apple has announced that it will report its earnings results for the fourth quarter of the 2023 fiscal year on Thursday, November 2. The report will be available at 1:30 p.m. Pacific Time on that day, and Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call with analysts at 2:00 p.m. Pacific Time.

iPhone 15 Pro lineup
A live audio stream of the call will be available on Apple's Investor Relations page, and a recording will be available later in the day for replay.

The quarter ran from July 2 through September 30. During this period, Apple's key product launches included the iPhone 15 lineup, Apple Watch Series 9, Apple Watch Ultra 2, and updated AirPods Pro with a USB-C charging case.

Apple has not provided formal guidance since early 2020, but analysts expect the company to report quarterly revenue of around $89.2 billion on average, according to Yahoo Finance. Apple reported $90.1 billion revenue in the year-ago quarter.

Maestri provided the following commentary on Apple's earnings call last quarter:

We expect our September quarter year-over-year revenue performance to be similar to the June quarter, assuming that the macroeconomic outlook doesn't worsen from what we are projecting today for the current quarter.

AAPL closed at $173.66 today, down from a 52-week high of $198.23.

Tags: Earnings, AAPL

Top Rated Comments

FattiesGoneWild Avatar
4 weeks ago

Should be interesting
Hardly. It’s the same spiel with record revenue and the 15 series selling the fastest ever. Pro/Max being the best sellers with most profit. Tough times apparently yet, everyone always suddenly has money for these expensive phones every year.
Score: 7 Votes (Like | Disagree)
Bonte Avatar
4 weeks ago
People tend to value a good phone and I agree, it really is a big part of their lives. To save money they live longer with the parents. That bodes well for the Vision Pro as it caters to people living in small quarters and shared housing as it provides a very personal and sealed off experience with zero space needed.
Score: 3 Votes (Like | Disagree)
Oscar_440 Avatar
4 weeks ago

Hardly. It’s the same spiel with record revenue and the 15 series selling the fastest ever. Pro/Max being the best sellers with most profit. Tough times apparently yet, everyone always suddenly has money for these expensive phones every year.
Yup, the culture of paying with anyone else's money (credit) and paying monthly it's quite "easy".
Despite that, I start seeing serious critical voices around Apple policies from sources that never thought would be critical with the company and its porducts. Let's see what happens in coming years
Score: 3 Votes (Like | Disagree)
Wildkraut Avatar
4 weeks ago

I’m wondering the same thing too. I visited New York last August and everyone I saw had a top of the line iPhone. I don’t believe for one second there is gonna be a recession. People learned from 2008 and they have been saving and stashing money away. Disposable incomes seem to be much larger to warrant purchases like these. Supermarkets aren’t empty either. Every week I go it’s struggle to get through. I came back from the barber this evening and the restaurants on both sides of town were packed with people eating out and it’s just the middle of the week.
They just don’t care anymore and always look on the bright side of life until the house of cards collapses. Top of the line iPhone for posing and huge debt on multiple cards.

https://www.bankrate.com/personal-finance/debt/average-american-debt/#key-insights-on
Score: 3 Votes (Like | Disagree)
svish Avatar
4 weeks ago
Should be a good quarter for Apple. The one week of sales of the new iPhones should definitely help.
Score: 2 Votes (Like | Disagree)
DFZD Avatar
4 weeks ago
Well Master Tim has already cashed out so we know which way its going.
Score: 2 Votes (Like | Disagree)

Popular Stories

M3 Chip Apple Event Slide

First Benchmark Results Surface for M3 Chip in New Macs

Wednesday November 1, 2023 7:53 am PDT by
The first benchmark results for the standard M3 chip surfaced in the Geekbench 6 database today, providing a closer look at the chip's CPU performance improvements. Based on the results so far, the M3 chip has single-core and multi-core scores of around 3,000 and 11,700, respectively. The standard M2 chip has single-core and multi-core scores of around 2,600 and 9,700, respectively, so the...
iOS 17

Apple Preparing to Release iOS 17.1.1 Update for iPhone

Thursday November 2, 2023 1:22 pm PDT by
Apple appears to be internally testing an iOS 17.1.1 update for the iPhone, based on evidence of the software in our website's analytics logs this week. iOS 17.1.1 will almost certainly be focused on bug fixes, but it's unclear exactly which issues the update will address. The update could include the same fix for Wi-Fi connectivity issues that Apple rolled out in the first iOS 17.2 beta,...
m3 pro chip

Apple M3 Pro Chip Has 25% Less Memory Bandwidth Than M1/M2 Pro

Tuesday October 31, 2023 3:11 am PDT by
Apple's latest M3 Pro chip in the new 14-inch and 16-inch MacBook Pro has 25% less memory bandwidth than the M1 Pro and M2 Pro chips used in equivalent models from the two previous generations. Based on the latest 3-nanometer technology and featuring all-new GPU architecture, the M3 series of chips is said to represent the fastest and most power-efficient evolution of Apple silicon thus far. ...
AitTag New Firmware

Apple Releases New Firmware for AirTags

Tuesday October 31, 2023 11:26 am PDT by
Apple today released a new firmware update designed for the AirTag item trackers. The firmware features a build number of 2A61, up from the 2A36 firmware that came out last December. It has been nearly a year since Apple updated the firmware on the AirTags, and there is no word yet on what might be included in the update. Today's firmware release will be rolling out on a staggered basis....
M3 Max Chip

M3 Max Chip Around as Fast as M2 Ultra in Early Benchmark Results

Wednesday November 1, 2023 7:27 pm PDT by
The first benchmark results for Apple's M3 Max chip surfaced in the Geekbench 6 database today, providing a look at CPU performance. Based on the "Mac15,9" model identifier shown, the results appear to be for the new 16-inch MacBook Pro. The highest multi-core score for the M3 Max with a 16-core CPU is currently 21,084 as of writing. If this early result is accurate, this means the M3 Max is ...
10 New Features With iOS 17

iOS 17.2 Coming Later This Year With These 10 New Features for iPhone

Friday November 3, 2023 1:23 pm PDT by
Apple made the first beta of iOS 17.2 available to developers and public beta testers last week, and the software update includes many new features and changes for iPhones. Below, we have highlighted 10 of these new features and changes. iOS 17.2 is expected to be released to the public in December. Once available, the update can be installed in the Settings app under General → Software...
Pro Display XDR Red

Macs With M3 Chip Still Officially Support Only a Single External Display

Thursday November 2, 2023 7:41 am PDT by
Macs equipped with the standard M3 chip still support only one external display with up to 6K resolution at 60Hz, according to Apple's tech specs. So far, the chip is available in the entry-level 14-inch MacBook Pro and the 24-inch iMac. This limitation has existed since the first Apple silicon Macs with the M1 chip were released in 2020, but users can connect multiple external displays to...
apple music voice plan feature blue green

Apple Music's Lower-Priced Voice Plan Being Discontinued

Wednesday November 1, 2023 11:51 am PDT by
The lower-cost Apple Music Voice Plan is being discontinued this month in the U.S. and all other countries where it was available, according to an Apple support document. Brazilian website MacMagazine was first to alert us to this news. "Beginning in November, Apple will discontinue the Apple Music Voice plan," said Apple. "We are focused on delivering the best, most robust music experience...