- Thursday, February 2 is Appleit is (AAPL) – Get a free report day of the results of the first fiscal quarter. The Apple Maven will cover the event in real time, via a live blog, from the closing bell.
- Analysts expect Apple to post a year-over-year revenue contraction of 1.9% and EPS of $1.94 which, if confirmed, would be 16 cents lower than the holiday quarter. of the 2022 financial year.
- Below we start with a very brief summary of what investors should expect to see. If you’re interested in live coverage only, scroll down to “Live coverage starts here”.
- Refresh your browser from time to time to see the most recent update, in case the browser does not do it automatically.
Figure 1: Apple Live Blog: Real-time coverage of first-quarter fiscal 2023 results
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(Learn more about Apple Maven: Apple Stock takes last hits before earnings)
Apple Revenue: First Quarter 2023 Overview Recap
Here’s what investors and analysts should keep in mind as they review Apple’s fiscal first quarter earnings report and follow the February 2 conference call:
- Key figures: Consensus expects revenue to fall nearly 2% year-over-year and EPS to fall nearly 8% from FY2022 levels.
- Sole outperformer: While most Apple segments will struggle to gain traction in the fiscal first quarter, the iPad will likely stand out as a rare winner.
- Better than feared? The iPhone is at the center of the supply chain debacle, but Apple likely gained a fair amount of market share in the fiscal first quarter.
- Best Home, Bad Neighbors: There’s mounting evidence that the PC industry is in a deep downturn cycle, but Apple’s Mac continues to outperform its peers.
- Slow growth: For me, the near-zero growth levels in the service sector are concerning. Will there be definite signs of recovery?
- Out of left field: Could Apple be using earnings day to announce layoffs? I find that unlikely, but still possible.
- AAPL could move on the guidance: Chief Financial Officer Luca Maestri is expected to share the outlook during the earnings call, around 5:15 p.m. EST, as usual. It could be a stock mover.
Ask Twitter
We recently posed the following question on Twitter about Apple’s fiscal first quarter earnings report: “Which segment do you think will perform better than expected?”
Here are the final results. Will the services really be the good surprise of the day?
Live coverage starts here
8:00 a.m. PST: Hello from the Bay Area, California! Stay tuned as we begin covering Apple’s earnings day immediately after the 1:00 PM PST closing bell.
(Learn more about Apple Maven: Apple Q1 Earnings Forecast May Move Stock
(Disclaimer: This is not investment advice. The author may own one or more stocks mentioned in this report. Additionally, the article may contain affiliate links These partnerships do not influence editorial content. Thank you for supporting Apple Maven)