Apple to Announce Q3 2023 Earnings on August 3 Following New Macs

Apple has announced that it will report its earnings results for the third quarter of the 2023 fiscal year on Thursday, August 3. The report will be available at 1:30 p.m. Pacific Time, and Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call with analysts at 2:00 p.m. Pacific Time.

New Macs 2023
A live audio stream of the call will be available on Apple's Investor Relations page, and a recording will be available later in the day for replay.

Apple launched three new Macs in the quarter, which ran from April 2 through July 1, including a 15-inch MacBook Air, an updated Mac Studio, and an updated Mac Pro. The quarter also saw the launch of the Apple Card savings account for U.S. residents.

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 $81.5 billion this quarter on average, according to Yahoo Finance. This would be a decline of around 2% 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.

AAPL is trading at around $188 as of writing, as shares approach a 52-week high of $194.48.

Tags: Earnings, AAPL

Top Rated Comments

macsplusmacs Avatar
12 weeks ago
It was very interesting that John (I forget his name) said during WWDC that 100's of thousands of Mac Studios have been sold.

At first, the vibe to me was it was a stopgap for the mac pro.

Now it seems, except for a very slim portion of the market.... it IS the mac pro most had been waiting for.
Score: 12 Votes (Like | Disagree)
Mr. Dee Avatar
12 weeks ago
I have a strong feeling that Mac Pro is not selling well.
Score: 8 Votes (Like | Disagree)
Pakaku Avatar
12 weeks ago
Interested in hearing how the Mac Pro specifically performed, given how much they seemed to have shafted it for the sake of Silicon
Score: 5 Votes (Like | Disagree)
JPack Avatar
12 weeks ago
The main drivers of significant demand are over: remote work, M1, and bright economic outlook. I doubt M3 will bring anything significant in terms of driving sales. The current numbers are about what we should expect from now on.

Mac Pro and Mac Studio are serious content creation machines. The vast majority of consumers buy MacBook Air and that product alone likely outsells the desktops several thousand to one.
Score: 5 Votes (Like | Disagree)
Allen_Wentz Avatar
12 weeks ago

It was very interesting that John (I forget his name) said during WWDC that 100's of thousands of Mac Studios have been sold.

At first, the vibe to me was it was a stopgap for the mac pro.

Now it seems, except for a very slim portion of the market.... it IS the mac pro most had been waiting for.
Nah. The Studio is the Studio, a beautifully engineered new box at a very important place in Mac product positioning. I would own one, but it took so long for the M2 Studio to arrive that I got an M2 MBP.

Mac Pro indeed got a stopgap upgrade, very useful to some but not yet the real thing. My expectation is that Apple will use the higher transistor densities of M3 to wow us with the next Mac Pro iteration. Probably some more chip architectural tricks to appease the folks who need lots of RAM. And substantially more graphics capability should be pretty straightforward on the ~3nm process.

Even though any version of MP is far beyond my needs, I will be very excited to see what the outstanding Apple engineers can build into the M3 MP.
Score: 5 Votes (Like | Disagree)
emmab2006 Avatar
12 weeks ago
Don’t need to be a genius to see the Mac Pro won’t sell as many as they thought.
Score: 5 Votes (Like | Disagree)

Popular Stories

Multi Display CarPlay 1

All-New Apple CarPlay Launching Later This Year With These 5 New Features

Friday September 29, 2023 11:29 am PDT by
At WWDC 2022 last year, Apple previewed the next generation of CarPlay, promising deeper integration with vehicle functions like A/C and FM radio, support for multiple displays across the dashboard, personalization options, and more. Apple said the first vehicles with support for the next-generation CarPlay experience would be announced in late 2023, but it has still not shared any additional...
BMW Logo iPhone 15 Pro

Warning: BMW Wireless Charging May Break iPhone 15's Apple Pay Chip

Sunday October 1, 2023 6:14 am PDT by
If you have an iPhone 15 and drive a BMW, it might be best to avoid charging the device with the vehicle's wireless charging pad for now. Over the past week, some BMW owners have complained that their iPhone 15's NFC chip no longer works after charging the device with their vehicle's wireless charging pad, according to comments shared on the MacRumors Forums and X, formerly known as Twitter. ...
iPhone 15 Pro lineup

Apple to Address iPhone 15 Pro Overheating Issue With iOS 17 Update

Saturday September 30, 2023 9:28 am PDT by
Apple plans to release an iOS 17 update to address a bug that may contribute to the reported iPhone 15 Pro and iPhone 15 Pro Max overheating issue, according to a statement the company shared today with MacRumors and Forbes reporter David Phelan. Apple also says some recent updates to third-party apps have overloaded the system and contributed to the overheating issue. The report notes that...
iphone se 4 modified flag edges

iPhone SE 4 Details: Action Button, USB-C Port, Face ID, and More

Wednesday September 27, 2023 1:34 pm PDT by
Significant changes are expected to arrive with Apple's fourth-generation iPhone SE, in terms of both design and hardware, MacRumors has learned. The iPhone SE 4, known internally under the codename Ghost, is expected to receive a new design derived almost entirely from the base model iPhone 14. According to our sources, the iPhone SE 4 will use a modified version of the iPhone 14 chassis...
iPhone 16 Side Feature

iPhone 16 and 16 Pro: Preliminary Weights and Dimensions

Friday September 29, 2023 12:34 pm PDT by
MacRumors has obtained preliminary information on the weights and dimensions planned for the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max. The information corroborates previous reports suggesting that the iPhone 16 Pro and 16 Pro Max will feature larger displays. iPhone 16 and 16 Plus Current information suggests that the iPhone 16 and 16 Plus will maintain the same...
uk bank account apple wallet 2

Apple Wallet's New Bank Account Feature Likely to Expand to U.S.

Friday September 29, 2023 8:11 pm PDT by
Starting with the iOS 17.1 beta released this week, iPhone users in the U.K. can add debit and credit cards from select banks in the country to the Wallet app and view their available balances and latest transactions for those accounts. Apple calls this feature Connected Cards, and it's currently available in the U.K. only, but there is now evidence to suggest it will expand to the U.S. in...
iPhone 15 Pro Cameras

Apple Says iPhone 15 Pro's Titanium Frame Does Not Contribute to Overheating Issue

Saturday September 30, 2023 11:10 am PDT by
Apple today said it plans to release an iOS 17 software update with a bug fix for the iPhone 15 Pro and iPhone 15 Pro Max overheating issue, and the company has since shared additional details about the matter with MacRumors. Importantly, Apple said the issue is not related to the titanium frame. Contrary to a report this week, Apple said the iPhone 15 Pro's design does not contribute to...