Earnings

In this article

Tim Cook participates in a panel discussion in New York City.
Brian Ach | Getty Images

Apple reports fiscal first-quarter earnings after the bell.

The quarter includes Apple’s holiday sales. It’s also the first full quarter of iPhone 13 sales, which will provide a data point about how Apple’s latest phone is selling. The iPhone 13 launched in September.

Here’s what Wall Street is expecting, per Refinitiv consensus estimates:

  • EPS: $1.89 estimated
  • Revenue: $118.66 billion estimated

Apple hasn’t provided guidance since the start of the Covid-19 pandemic, citing uncertainty.

But in October, Apple signaled that the December quarter would reflect “solid year-over-year revenue growth” over last year’s $111.4 billion in sales in the first fiscal quarter.

Investors will also look for how well Apple managed its supply chain during a worldwide shortage of parts needed to build electronics. Apple said in October it faced supply constraints that it expected would hurt revenue by over $6 billion in the quarter.

Articles You May Like

From Nike to Intel, CEO departures at U.S. companies hit a record this year
Coping with the Cost of Care: Overlooked Tax Deductions and Tips for Seniors and Their Families
The Fed cut interest rates, but mortgage costs jumped. Here’s why
Party City to close all of its stores, report says
IRS to send 1 million taxpayers up to $1,400 in ‘special payments.’ How to know if you’re eligible