Apple (AAPL) will report its fourth-quarter results after the bell today, giving investors a look at early iPhone 18 Pro sales.
The iPhone Duo was launched for pre-order on October 16 and went on sale on October 23, missing Apple’s fiscal fourth quarter, although the company can still offer colors on demand.
This will also be Apple’s first earnings conference call with new CEO John Ternus, who took over from Tim Cook on September 1.
For the quarter, Apple is expected to report earnings per share (EPS) of $2 on revenue of $113.46 billion, according to consensus estimates from Bloomberg analysts. The company reported EPS of $1.85 and revenue of $102.46 billion during the same period last year.
Apple’s iPhone sales are expected to reach $56.48 billion, an increase of 15% year-over-year. Services, the company’s second-largest segment, is expected to generate revenue of $31.58 billion, while the company’s Mac business is expected to achieve revenue of $9.69 billion.
Wearables and iPad are expected to generate $8.99 billion and $6.83 billion, respectively.
Learn more.
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First earnings report from new Apple CEO John Ternus
This will be the first earnings release for new Apple CEO John Ternus, who took the helm of the tech giant on September 1.
Ternus joined Apple in 2001 as a member of the company’s product design team before being elevated to vice president of hardware engineering in 2013. He was named senior vice president of hardware engineering in 2021.
Ternus graduated from the University of Pennsylvania with a degree in mechanical engineering and worked at Virtual Research Systems before joining Apple.
He’s also the kind of perfectionist that Apple embraces. Learn more.
Riding a wave of new product launches
Apple is riding a wave of new product launches. With the iPhone 18 Pros and iPhone Duo, Apple launched a new pair of AirPods, Apple Watches, Macs, iPads and more. Earlier this week, the company released an upgraded iPad mini, an upgraded iMac, and more powerful MacBook Pros, including one with a touchscreen.
And earlier this month, the company launched its first smart home hub, the Apple HomeView.
Apple’s next major releases are expected early next year and will include a base iPhone 18 and a follow-up to the iPhone Air.
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