What to Expect From Apple's Earnings Next Week Following New Macs

by

Apple will report its earnings results for the third quarter of its 2023 fiscal year on Thursday, August 3 at 1:30 p.m. Pacific Time. Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call with analysts a half hour later.

New Macs 2023
Keep reading for some key things to know about the quarter, including a recap of new products announced, revenue expectations, and more.

New Products During Quarter

The quarter ran from April 2 through July 1, according to Apple's fiscal calendar, and included the following product launches:

  • 15-inch MacBook Air (M2 chip)
  • Mac Studio (M2 Max and M2 Ultra chips)
  • Mac Pro (M2 Ultra chip)

Year-Over-Year Revenue Decline Expected

Apple has not provided formal revenue guidance since the start of the COVID-19 pandemic, but analysts currently expect the company to report revenue of around $81.6 billion this quarter on average, according to Yahoo Finance. This would be a decline of around 1.7% compared to the $83 billion revenue the company reported in the year-ago quarter.

Maestri provided the following commentary on Apple's earnings call last quarter:

We expect our June quarter year-over-year revenue performance to be similar to the March quarter, assuming that the macroeconomic outlook does not worsen from what we are projecting today for the current quarter.

Conference Call

Cook and Maestri will hold a conference call at 2:00 p.m. Pacific Time on August 3 to discuss the company's third quarter earnings results. The call should last around one hour and will include a Q&A segment with analysts.

A live audio stream of the conference call will be available on Apple's Investor Relations page, and a recording will be available later in the day for replay.

What's Next

Apple's fourth quarter began July 2 and runs through September 30. Apple has yet to announce any new products during the quarter, but new iPhone and Apple Watch pre-orders are expected to begin in the final few weeks of the quarter.

AAPL is currently trading at around $194, and is up around 55% since the start of the year.

Tags: AAPL, Earnings

Popular Stories

iPhone 17 Pro 34ths Perspective

iPhone 17 Pro Launching Later This Year With These 10 New Features

Sunday March 23, 2025 10:00 am PDT by
While the iPhone 17 Pro and iPhone 17 Pro Max are not expected to launch until September, there are already plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models as of March 2025: Aluminum frame: iPhone 17 Pro models are rumored to have an aluminum frame, whereas the iPhone 15 Pro and iPhone 16 Pro models have a titanium frame, and the iPhone ...
Read Full Article • 240 comments
macbook pro blue green

When Will Apple Release the M5 MacBook Pro?

Wednesday March 26, 2025 4:53 pm PDT by
Apple regularly refreshes the MacBook Pro models, and a new version that uses M5 series chips is in the works. Apple just finished refreshing most of the Mac lineup with M4 chips, and now it's time for the M5. Rumors suggest that we could see the first M5 MacBook Pro models this fall. Design There have been no rumors of a design update for the M5 MacBook Pro models that are coming this...
Read Full Article • 116 comments
Apple Lumon Terminal Pro

Apple's Mac Site Features Fictional 'Lumon Terminal Pro'

Wednesday March 26, 2025 12:19 pm PDT by
Apple is going all out with promotions for the popular Severance Apple TV+ show today, and as of right now, you'll find a new "Lumon Terminal Pro" listed on Apple's Mac site. The Lumon Terminal Pro is designed to look similar to the machines that Severance employees like Mark S. and Helly R. use for macrodata refinement. The Terminal features a blue keyboard, a small display with wide...
Read Full Article • 107 comments
Facebook Feature

Facebook's New iPhone App Feature Turns the Clock Back to 2007

Thursday March 27, 2025 1:59 pm PDT by
In the mid-to-late 2000s, Facebook was all about staying connected with friends and family. However, as the social media platform added new features and grew over time, that core experience began to get drowned out. That changes starting now, according to Meta, which today introduced a new feature that will "bring back the joy" of classic Facebook. Specifically, Meta has redesigned the...
Read Full Article • 107 comments
Generic iOS 18

iOS 18.4 Coming Soon With These New Features for Your iPhone

Tuesday March 25, 2025 6:45 am PDT by
Apple is expected to release iOS 18.4 to the general public as soon as next week, following more than a month of beta testing. Apple's website says some iOS 18.4 features will be released in "early April," so the update should be out as early as Tuesday, April 1. Apple this week seeded the iOS 18.4 Release Candidate, which is typically the final beta version, barring the discovery of any...
Read Full Article • 14 comments
iPhone 17 Pro 34ths Perspective

iPhone 17 Pro Supports 8K Video Recording, Suggests Leaker [Updated]

Wednesday March 26, 2025 4:06 am PDT by
Update 7:25 pm: Based on comments from our forums, it appears the original Weibo post may have been mistranslated and "8K" actually refers to the high price of the device rather than 8K video recording capabilities. The iPhone 16 Pro currently starts at 7,999 yuan in China. Our original article follows below. Apple's forthcoming iPhone 17 Pro models are capable of shooting 8K video, up...
Read Full Article • 94 comments
Foldable iPhone 2023 Feature 1

'iPhone Fold' to Feature Metallic Glass Hinge That Resists Deformation

Thursday March 27, 2025 4:21 am PDT by
Last week, we covered a report claiming that Apple's book-style foldable iPhone (or "iPhone Fold," as we are provisionally calling it here) will use liquid metal hinges to improve durability and help minimize screen creasing. Today, a Chinese leaker provided more details on the properties of this hinge material that help to clarify why Apple chose it for its first foldable device. According...
Read Full Article • 107 comments
Generic iOS 19 Feature Mock

Gurman: Jon Prosser's iOS 19 Mockups 'Aren't Representative' of Redesign

Tuesday March 25, 2025 4:47 pm PDT by
The iOS 19 mockup images that leaker Jon Prosser shared today are not representative of the actual iOS 19 design, Bloomberg's Mark Gurman said on social media. According to Gurman, the images that are "floating around" are based on "very old builds" or "vague descriptions," and are lacking key features. Gurman says that we can "expect more from Apple in June." Gurman made the same comment ...
Read Full Article • 132 comments
iCloud General Feature Redux

iPhone Users Who Pay for iCloud Storage Receive a New Perk

Thursday March 20, 2025 12:01 am PDT by
If you pay for iCloud storage on your iPhone, Apple has a new perk for you, at no additional cost. The new perk is the ability to create invitations in the Apple Invites app for the iPhone, which launched in the App Store last month. In the Apple Invites app, iCloud+ subscribers can create invitations for any occasion, such as birthday parties, graduations, baby showers, and more. Anyone ...
Read Full Article • 30 comments

Top Rated Comments

Isengardtom Avatar
Isengardtom
22 months ago
Apple needs to start increasing the storage on it’s base computers. The 256 GB base is very low and the price of 230 EUR for 256 GB extra (or for 8 GB RAM) is borderline criminal.
Score: 14 Votes (Like | Disagree)
Aston441 Avatar
Aston441
22 months ago
Stop abandoning good hardware Apple. You’re making your former loyal customers mad. Charge for software upgrades, if you must, like you used to. How dare you tout yourselves as an environmentally friendly company. Stop lying.
Score: 7 Votes (Like | Disagree)
TheYayAreaLiving ?️ Avatar
TheYayAreaLiving ?️
22 months ago
Hopefully, Apple does not discontinue the 15" M2 MacBook Air.

Apple seriously needs to consider releasing M3 Macbook Air tho in the near future.
Score: 7 Votes (Like | Disagree)
Realityck Avatar
Realityck
22 months ago
Good signs for Aug 3rd already

https://www.proactiveinvestors.com/companies/news/1021953/apple-likely-to-top-3q-earnings-estimates-says-goldman-sachs-1021953.html

https://www.nasdaq.com/articles/apple-is-one-of-the-best-stocks-to-buy-and-hold-right-now
Score: 5 Votes (Like | Disagree)
svish Avatar
svish
22 months ago
Should be a good quarter for Apple!
Score: 4 Votes (Like | Disagree)
DelayedGratificationGene Avatar
DelayedGratificationGene
22 months ago

Thankfully sold my stock to buy Nvidia instead ☺️ I don’t see Apple as much of a growth stock anymore, sadly.
Do you always sell trillion dollar stocks with a 32 PE to buy trillion dollar stocks with a 350 PE ratio? Thankfully I hold onto my apple stock and not buy an incredibly risky high flyer like Nvidia.
Score: 3 Votes (Like | Disagree)
Read All Comments