Apple Inc. (AAPL) is poised to release its fourth-quarter earnings (ending September) after today's market close, accompanied by a conference call at 5:00 PM ET.
The Q4 FactSet consensus forecasts an EPS of $1.39, up from last year's $1.29, with revenues expected at $89.34 billion, representing a slight 1% year-over-year decrease.
Apple's year-over-year revenue trend is expected to mirror Q3's performance, with a projected 1.4% decrease in Q4, as per FactSet consensus.
Since the pandemic's onset, Apple has shifted from providing precise guidance in press releases to giving broader outlines in conference calls.
Analysts project Q4 revenues in various segments as follows:
iPhone revenue at $43.4 billion, up from $42.6 billion last year.
Mac revenue at $8.8 billion, down from $11.5 billion last year.
iPad revenue at $5.9 billion, down from $7.2 billion last year.
Wearables revenue at $9.2 billion, down from $9.7 billion last year.
Services revenue at $21.6 billion, up from $19.2 billion last year.
TECHS:
AAPL has a market cap of $2.65 trillion, is currently trading at 28 times its FY23 earnings forecast.
According to the weekly AAPL Weekly Nov03 $177.50 straddle, the options market anticipates a movement of about 4% in either direction by the end of the week.
Key suppliers to monitor include SWKS, CRUS, AVGO, QRVO, TSM, QCOM (within SMH); SSNLF, LPL (for displays); and LITE, FNSR, IIVI (for FaceID technology).
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