Apple to Report Earnings Results on August 1 After Releasing New iPads Last Quarter
Apple recently announced that its next quarterly earnings conference call will be held on Thursday, August 1 at 2 p.m. Pacific Time.
On the call, which anyone can listen to, Apple's CEO Tim Cook and CFO Luca Maestri will discuss the company's earnings results for the third quarter of the 2024 fiscal year. During the quarter, spanning March 31 through June 29, Apple released new iPad Pro models with the M4 chip, new iPad Air models with the M2 chip, and the Apple Pencil Pro. Near the end of the quarter, Apple also began accepting orders for the Vision Pro in eight more countries and regions, including Australia, Canada, the U.K., China, Japan, and more.
Apple has not provided formal guidance since early 2020, but analysts expect the company to report quarterly revenue of $77.2 billion on average, according to Yahoo Finance. Apple reported $81.8 billion revenue in the year-ago quarter.
Popular Stories
Apple shares fell more than 2.5% in early trading today in response to Nikkei Asia's report that the company is cutting iPhone 18 Pro component orders due to weaker-than-expected demand. October orders were reportedly reduced by at least 15%, with higher memory costs and $100 price increases weighing on...
Apple today closed with a market capitalization above $5 trillion, making it the second company to do so after Nvidia.
As noted by The Wall Street Journal, Apple's market cap has exceeded $5 trillion six times before today during intraday trading, but this is the first time the company stayed above the mark at closing.
Apple closed at $342.96, for a market cap of $5.005 trillion. The new...
Loop Capital has lowered its rating on Apple from "Buy" to "Hold," saying the company is unlikely to make up an estimated 13 million iPhone shipments cut from its plans for the second half of 2026, according to Investing.com.
The firm reduced its Apple stock price target from $370 to $330. Loop previously believed shortages of memory and processors had delayed shipments that Apple would...
![Apple Pulls Keynote, Pages and Numbers From App Store [Update: Back]](https://images.macrumors.com/t/Okb7kitB_gNr6qe5Pex9nQIysD8=/112x112/article-new/2026/01/Apple-Creator-Studio-iWork-suite.jpg)
