Overview
- Wall Street expects fiscal Q4 revenue of roughly $102–103 billion and earnings of about $1.77–$1.81 per share, with results due October 30.
- Visible Alpha estimates put Services at $108.6 billion for the year to last month, up about 13% year over year and larger than the annual sales of Disney or Tesla if confirmed.
- Counterpoint data indicate iPhone 17 sales outpaced iPhone 16 by around 14% in the first 10 days in the U.S. and China.
- Legal and regulatory risks persist, including a DOJ antitrust suit, Epic Games litigation, and a UK tribunal ruling on App Store fees, while a recent Google–DOJ decision is viewed as preserving Apple’s search-related payments.
- Options pricing points to an expected ~4% stock move after earnings, with tariffs estimated to trim Q4 results by about $1.1 billion as Apple expands manufacturing in India and Vietnam.