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Apple to Report Fiscal Fourth Quarter Earnings Tuesday; Here’s What to Expect

May 23, 2023
in Trade Tube
Reading Time: 1 min read
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Analysts expect Apple to post its third consecutive quarter of declining iPhone sales volumes when it releases fiscal fourth quarter earnings on Tuesday. “I think [Apple CEO Tim Cook] is going to point to very strong growth in the services business, such as Apple Music,” said Michael Ingram, a market analyst with BGC Partners in London. In its fiscal third quarter, Apple services revenue rose 19% year-over-year to roughly $5.98 billion, while iPhone and Mac revenue fell 23% and 13%, respectively. Ignram also comments on Alphabet’s new Pixel phone. TheStreet’s Scott Gamm reports from Wall Street.

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