Apple Earnings Preview: Numbers and Themes to Watch For Thursday

Key Takeaways

• Apple will report earnings after the market closes Thursday, the company’s first report since the release of the iPhone 16.
• The company is expected to report growing revenue and net income year-over-year.
  Analysts will be watching for late-cycle iPhone 15 shipments and early cycle iPhone 16 updates.
• The stock is up about 20% in 2024, with Wall Street analysts not currently looking for more more appreciation.

Apple (AAPL) will report earnings after the market closes Thursday, the company’s first report since the September release of the iPhone 16.

The world’s most valuable company—its market value is above $3.5 trillion—is expected to report revenue of $94.58 billion, up more than 5% year-over-year, per Visible Alpha. The Street expects net income of $22.49 billion, or $1.48 per share, compared to $22.96 billion, $1.46 per share, a year earlier.