Overview
- Apple, which reports results after the close Thursday, is expected to post about $109.5–$109.66 billion in revenue and $1.92–$1.96 in earnings per share, based on Bloomberg data and analyst estimates.
- Analysts say the call will probe how incoming CEO John Ternus may balance hardware growth with services as he prepares to take over later this year.
- Key checks include iPhone demand in China, traction for Apple Intelligence features, gross margin versus the 48%–49% guide, and the outlook for the June quarter.
- Forecasts point to ongoing strength in iPhone and Mac, with UBS highlighting Mac Mini use for popular AI agents and rising memory prices plus secure supply helping iPhone share.
- Wall Street stays split on the stock, with targets ranging from $287 at UBS to $330 at Goldman, and BofA flagging a possible larger buyback, WWDC updates in June, and speculative launches like a foldable iPhone and a Siri upgrade tied to Google's Gemini.