Can Apple Satisfy Wall Street? Top Analyst Says 2 Factors Key To Meeting June-Quarter Expectations
Portfolio Pulse from Shanthi Rexaline
Apple Inc. is expected to report its fiscal-year third quarter earnings with an average expectation of $1.08 per share on revenue of $74 billion, a decline from the previous year. Analyst Daniel Ives from Wedbush is confident that Apple will meet these expectations due to an uptick in iPhone demand in China and a higher average selling price for the iPhone 14 Pro. Ives also expects Apple's Services business to grow, contributing to the company's overall valuation.
July 31, 2023 | 10:05 am
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POSITIVE IMPACT
Apple is expected to meet its Q3 earnings expectations due to increased iPhone demand and growth in its Services business.
The news is directly related to Apple's upcoming earnings report. Increased iPhone demand and growth in the Services business are positive factors that could help the company meet its earnings expectations, potentially leading to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100