Apple (AAPL) will release Q4 earnings after market close, with a conference call scheduled for 5:00 p.m. ET.

FactSet consensus estimates predict EPS of $1.60 on $94.5 billion in revenue, representing a 5.6% year-over-year increase, with expected double-digit growth in services and gross margins of 45.5-46.5%.

Guidance Style and Q1 Outlook:

Apple has been giving broad guidance during calls rather than specifics in press releases since the pandemic. For Q1, consensus projects $2.47 EPS and $127.7 billion revenue.

iPhone and Services Revenue Expectations:

Key areas include the iPhone 16 launch’s impact and potential demand from Apple Intelligence. The Street expects iPhone revenue of $44.8 billion and services revenue of $25.3 billion for Q4.

TECHS:

With a $3.56 trillion market cap, AAPL trades at 31x FY25 earnings. Options suggest a 5% move by week's end.

Suppliers to Watch:

Notable suppliers include SWKS, CRUS, AVGO, QRVO, TSM, QCOM, SSNLF, and LPL for displays.

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