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

Top Rated Comments

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

Popular Stories

Beyond iPhone 13 Better Blue Face ID Single Camera Hole

Six Reasons to Wait for Next Year's iPhone 17

Thursday February 22, 2024 4:20 am PST by
Apple's iPhone development roadmap runs several years into the future and the company is continually working with suppliers on several successive iPhone models concurrently, which is why we sometimes get rumored feature leaks so far ahead of launch. The iPhone 17 series is no different, and already we have some idea of what to expect from Apple's 2025 smartphone lineup. If you plan to skip...
iPhone Notch

Apple Explored These Notch and Dynamic Island Designs for iPhones

Friday February 23, 2024 2:05 pm PST by
With the iPhone 14 Pro models in 2022, Apple introduced the Dynamic Island, which can morph and expand to display system alerts, sports scores, and a variety of other information. The feature makes the space surrounding the front camera and Face ID sensors useful compared to the notch on older iPhone models. Apple explored a variety of ideas for the iPhone's notch area over the years before...
General Apps Messages

Apple Announces 'Groundbreaking' New Security Protocol for iMessage

Wednesday February 21, 2024 6:00 am PST by
Apple today announced a new post-quantum cryptographic protocol for iMessage called PQ3. Apple says this "groundbreaking" and "state-of-the-art" protocol provides "extensive defenses against even highly sophisticated quantum attacks." Apple believes the PQ3 protocol's protections "surpass those in all other widely deployed messaging apps," according to its blog post:Today we are announcing...
Next Generation CarPlay Porsche 1

Apple Launching Next-Generation CarPlay This Year With These New Features

Wednesday February 21, 2024 2:03 pm PST by
Apple recently updated its website to confirm that the first vehicle models with next-generation CarPlay support will debut "in 2024." This wording is shown on Apple's regional websites for the U.S., Canada, Australia, New Zealand, and many other countries. The iOS 17.4 beta includes code-level references to eight new CarPlay apps:Auto Settings: This app will let you manage paired iPhones...
cracked glass vision pro

Handful of Apple Vision Pro Units Develop Identical Crack in Cover Glass

Friday February 23, 2024 4:46 am PST by
A small number of Apple Vision Pro owners have claimed that their headsets developed a hairline crack down the middle of the front cover glass, despite having never been dropped or mishandled. Photo of hairline crack in Vision Pro front glass (credit: Reddit user Inphenite) The first report was posted in the subreddit /r/VisionPro about 18 days ago, and several more have appeared in the last...
iOS 17

iOS 17.4 Will Add These New Features to Your iPhone

Monday February 19, 2024 6:52 am PST by
Apple last month confirmed that iOS 17.4 will be released in March, and the update includes several new features and changes for the iPhone. Key new features in iOS 17.4 include major App Store changes in the EU and Apple Podcasts transcripts. The update also adds new emoji and includes preparations for the launch of next-generation CarPlay later this year. More details about the new...
Oled iPads and MackBook Pro Notch

Apple's OLED Roadmap: New iPad Mini, Foldable iPad Pro, and More

Wednesday February 21, 2024 5:29 am PST by
Apple is planning to launch at least nine new devices with OLED displays across the iPad and MacBook product lines, according to an updated forecast from research firm Omdia that sets out the company's plans in detail. As widely rumored, Apple's push to transition to OLED will apparently be jump-started by the release of new 11- and 13-inch iPad Pro models this year. The displays will...
New Macs iPads iOS 17 4

What to Expect at Potential Apple Event in March: iPads, Macs, and More

Friday February 23, 2024 8:35 am PST by
Apple often holds its first media event of the year in March, so the company could be just weeks away from announcing new products. Below, we have outlined what to expect from a potential Apple Event this March. Past Apple Events in March Apple has held five events in March since 2015:Monday, March 9, 2015 Monday, March 21, 2016 Tuesday, March 27, 2018 Monday, March 25, 2019 Tuesday,...