Here are the key figures, according to Refinitiv estimates:
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EPS: $1.16 versus $1.20, down 8% year-over-year.
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Revenue: $83 billion versus $82.81 billion, up 2% year over year.
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iPhone revenue: $38.33 billion versus $40.67 billion, up 3% year-on-year
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Services revenue: $19.60 billion, projected $19.70 billion, up 12% year-over-year
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Other product revenue: $8.08 billion and $8.86 billion forecast, down 8% year-over-year
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Mac revenue: $7.38 billion and $8.70 billion, down 10% year-on-year
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iPad revenue: $7.22 billion versus an estimated $6.94 billion, down 2% year-on-year.
“In terms of outlook as a whole, we expect revenue to accelerate in the September quarter despite some softness,” Apple CEO Tim Cook told CNBC in an interview.
As consumers grapple with recession fears and high inflation, device manufacturers are signaling slowing demand for smartphones and PCs around the world. Apple’s weak growth may indicate that the consumer electronics industry, including leaders like Apple, is entering a period of slow or no growth. Cook told CNBC that the company is seeing inflation but will continue to invest.
Source: Ferra
