Introduction
It’s that time of the year again! Apple has announced it will be sharing its Q3 2023 fiscal year earnings on August 3. All ears will be on CEO Tim Cook and CFO Luca Maestri as they discuss the results in a conference call.
Key Points
- Apple’s earnings results will be available at 1:30 p.m. Pacific Time, with a conference call following at 2:00 p.m. Pacific Time.
- The quarter saw the launch of three new Macs and the Apple Card savings account for U.S. residents.
- Analysts predict a revenue of around $81.5 billion this quarter, a 2% decline compared to the previous year’s quarter.
The Quarter in Review
During this quarter, Apple has been as busy as a bee in an orchard, launching a 15-inch MacBook Air, an updated Mac Studio, and an updated Mac Pro. And for those who like their tech with a side of finance, the Apple Card savings account was also launched for U.S. residents.
Analyst Predictions
Since the start of the COVID-19 pandemic, Apple has been playing its revenue cards close to its chest, not providing any formal guidance. However, that hasn’t stopped analysts from making their own predictions. According to Yahoo Finance, they expect the company to report a revenue of around $81.5 billion this quarter, which would be a slight 2% drop from the $83 billion revenue reported in the year-ago quarter.
The Art Conclusion
So, mark your calendars, folks! August 3 is the day we find out if Apple’s new releases have been the apple of the consumer’s eye or if they’ve been left to rot in the tech orchard.
Apple’s earnings on the way, will they rise or will they fray? New releases in the mix, let’s see if they got the tricks. It’s a tech world full of game, in the end, it’s all about the fame.
Article Source: MacRumors
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