Apple earnings live updates: Wall Street watching for AI updates around iPhone, consumer-spending guidance
Apple's earnings call is today at 5 pm ET. AAPL stock heads into the report up about 19% YTD. Analysts are watching for iPhone AI capabilities.
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- Apple reports fiscal fourth-quarter earnings after the closing bell on Thursday.
- The company is expected to report revenue of $94.36 billion.
- Apple's stock is up about 19% in 2024.
Apple is set to report its fiscal fourth-quarter results after the market close, and it's a big deal!
Apple is the largest company in the world, as measured by market value, so its results could have a sizable impact on the broader stock market.
According to data from ETF.com, Apple is the largest holding in the S&P 500, with a weight of just over 7%.
Apple's earnings results can have knock-on effects for the many public companies that supply it with components for its iPhones, iPads, and Mac computers. Investors will also extrapolate what Apple's results could mean for consumers' financial health.
With this quarter's results containing only two weeks of sales for Apple's new iPhone 16 lineup, analysts will be laser-focused on the company's guidance for the upcoming holiday season, which has historically been its strongest period of the year.
Any guidance from Apple CEO Tim Cook on the impact its AI features are having on iPhone demand will also be a key item to listen for.
Apple stock is up about 19% year-to-date, slightly behind the S&P 500's gain of about 22%.
Check in for live updates on Apple's earnings results throughout the day. The company will report results at 4:30 p.m. ET.
