Welcome to Extreme Investor Network, where we bring you the latest insights and analysis on the world of investing. Today, we are diving into Apple’s fiscal third-quarter earnings report, which is set to be released after the bell on Thursday. This is a crucial moment for the market, especially as it tries to recover from recent turbulence in the tech sector.
Analysts are anticipating earnings of $1.35 per share and revenue of $84.53 billion for the quarter, with iPhone sales expected to reach $38.64 billion. However, the key focus will be on Apple’s guidance, particularly as the company gears up for a significant upgrade cycle in September driven by new artificial intelligence features known as Apple Intelligence.
Evercore ISI’s Amit Daryanani is bullish on iPhone expectations and sees the potential for an iPhone Super Cycle in the coming months. On the other hand, Barclays analyst Tim Long is more cautious, noting concerns about whether the new iPhone will be enough to drive a meaningful upgrade cycle.
Despite these differing views, analysts are overall optimistic about the potential of AI features to drive revenue growth and earnings per share. JPMorgan’s Samik Chatterjee and Baird’s William Power have both raised their price targets for Apple, citing the positive impact of AI on the company’s performance.
In addition to the US market, investors will be closely watching China sales, which have been a point of concern due to competition from Huawei. However, there are signs of improvement in iPhone demand in emerging markets, which could help offset some of the challenges in China.
At Extreme Investor Network, we are dedicated to providing you with unique insights and in-depth analysis that will help you make informed investment decisions. Stay tuned for more updates on Apple and other key players in the market. Thank you for choosing Extreme Investor Network as your go-to source for all things investing.