The tech behemoth recently revealed that its revenue for the previous quarter totaled $81.79 billion, marking a 1% dip from 2022’s corresponding timeframe. However, with earnings-per-share posted at $1.26, Apple’s robust financial health remains evident. The company further boasted a commendable profit of $19.88 billion in the last quarter, a year-on-year surge of 5%.
The upcoming earnings call, covering July through September, promises pivotal insights into Apple’s financial trajectory, emphasizing the initial sales performance of its latest products. While the festive season remains the cornerstone of Apple’s annual sales, strong early numbers after a product release are indicative of a favorable market reception.
Stakeholders can tune into the earnings discussion at 2:00 p.m. PT / 5:00 p.m. ET via Apple’s Investor Relations portal, with a comprehensive earnings report being accessible half an hour before the live stream.