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: AAPL, Earnings

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Top Rated Comments

macsplusmacs Avatar
14 months 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
14 months ago
I have a strong feeling that Mac Pro is not selling well.
Score: 8 Votes (Like | Disagree)
Pakaku Avatar
14 months 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
14 months 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
14 months 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
14 months 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)