TLDR
- Apple reports fiscal Q4 results after the bell Monday, its first report under CEO John Ternus.
- Analysts expect EPS of about $2 on revenue near $113.4 billion, with iPhone sales up about 15%.
- AAPL closed at $344.63 Friday, down 1.23%, and was off 0.4% pre-market Monday.
- Memory costs, iPhone Duo demand and holiday guidance are the main topics to watch.
- Bank of America dropped Apple from its āUS 1 Listā last week, and analyst ratings are split.
Apple (AAPL) stock closed at $344.63 on Friday, down 1.23%. It was off about 0.4% in pre-market trading Monday, near $343.14.
The iPhone maker reports fiscal fourth-quarter results after the bell. It is the first report under CEO John Ternus, who took over from Tim Cook on Sept. 1.
Bloomberg consensus calls for earnings per share of $2 on revenue of $113.46 billion. A year ago, Apple posted EPS of $1.85 on revenue of $102.46 billion.
Koyfin sees revenue rising 11% to $113.35 billion, the slowest growth in four quarters. It expects adjusted EPS of $1.99.
Wall Street is split on the stock. Of 43 analysts tracked by Koyfin, 24 rate it Buy or higher, 13 say Hold and six say Sell or lower.
Bank of America removed Apple from its āUS 1 Listā last week. Morningstar calls the stock āmoderately overvalued.ā
What Analysts Expect From Each Segment
iPhone sales are projected near $56.5 billion, up about 15%. Services should top $31.5 billion, up almost 10%.
That would be the slowest services growth in more than three years, per LSEG-Reuters. Mac sales are seen at $9.69 billion.
Wearables should reach $8.99 billion and iPad $6.83 billion. Those are the smaller pieces of the quarter.
The iPhone Duo went on sale Oct. 23, after the quarter ended. Investors will be listening for color on demand, not hard numbers.
Hinge and screen issues with the Duo could come up on the call. Longer wait times, though, point to strong demand.
Memory costs are another topic. Morningstar wants to hear how higher prices affect unit prices in the December quarter guidance.
How the Stock Got Here
Apple is up roughly 30% over the past 12 months. Amazon, Google and Nvidia are up single digits, Microsoft is flat and Meta is down about 15%.
Over the past month, Google, Meta and Nvidia fell by double digits. Only Apple and Microsoft are in the green.
Appleās market cap topped $5 trillion earlier this month for the second time. It briefly passed Nvidia last week.
Appleās next major launches, a base iPhone 18 and a follow-up to the iPhone Air, are expected early next year.
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