Apple Earnings Report: What to Expect

Apple is scheduled to release its earnings report for the March quarter on May 3, 2023. Analysts are expecting the company to report revenue of $93 billion and earnings per share of $1.43.

This would be a slight decline from the company's revenue of $94.6 billion and earnings per share of $1.45 in the same quarter last year. However, it would still be a strong quarter for Apple, which is facing a number of challenges, including supply chain disruptions and a slowdown in China.

Here are some of the key things to watch for in Apple's earnings report:

• Revenue: Analysts are expecting Apple's revenue to decline by 4.4% year-over-year to $93 billion. This would be the company's first quarterly revenue decline since the first quarter of 2020. The decline is expected to be driven by a number of factors, including supply chain disruptions, a slowdown in China, and the ongoing war in Ukraine.
• Earnings per share: Analysts are expecting Apple's earnings per share to decline by 1.1% year-over-year to $1.43. This would be the company's first quarterly earnings per share decline since the fourth quarter of 2021. The decline is expected to be driven by a lower revenue base and higher costs.
• iPhone sales: iPhone sales are expected to decline by 10% year-over-year to 48 million units. This would be the first quarterly decline in iPhone sales since the first quarter of 2020. The decline is expected to be driven by a number of factors, including supply chain disruptions, a slowdown in China, and the ongoing war in Ukraine.
• Mac sales: Mac sales are expected to grow by 5% year-over-year to 7.8 million units. This would be the company's sixth consecutive quarter of year-over-year growth in Mac sales. The growth is expected to be driven by strong demand for the company's new MacBook Air and MacBook Pro models.
• iPad sales: iPad sales are expected to decline by 2% year-over-year to 15.1 million units. This would be the company's first quarterly decline in iPad sales since the first quarter of 2021. The decline is expected to be driven by a number of factors, including supply chain disruptions and a slowdown in China.
• Services revenue: Services revenue is expected to grow by 19% year-over-year to $19.5 billion. This would be the company's 19th consecutive quarter of year-over-year growth in services revenue. The growth is expected to be driven by strong demand for the company's App Store, iCloud, and Apple Music services.

Overall, Apple is facing a number of challenges, but the company is still expected to report a strong quarter. The company's services business is growing rapidly, and its iPhone business is expected to stabilize in the second half of the year. Apple is also expected to launch a number of new products in the second half of the year, which could help to boost sales.