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How will Apple’s Earnings be Affected by the New Macs

by | Apr 28, 2023

On May 4 at 1:30 p.m. Pacific Time, Apple will reveal its earnings for the second quarter of the 2023 fiscal year, followed by a conference call with CEO Tim Cook and CFO Luca Maestri for investors at 2:00 p.m. Pacific Time.

The quarter, which ran from January 1 through April 1, saw the launch of new products such as the 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips, the Mac mini with M2 and M2 Pro chips, the 2nd generation HomePod, the iPhone 14 and iPhone 14 Plus in Yellow, and the Black Unity Sport Loop.

Analysts predict a revenue decline of around 4.5% YoY, with revenue of approximately $93 billion. The conference call will include a Q&A session with analysts, and a live audio stream and recording will be available on Apple’s Investor Relations page. While Apple has not announced any new products for the third quarter, it opened its first retail stores in India and launched an Apple Card savings account in partnership with Goldman Sachs. AAPL is currently trading at around $168, down about 4.5% from its 52-week high of $176.15.

Investors will be paying close attention to any potential commentary regarding the state of the economy.