Apple on Thursday announced that the company will announce its earnings for the first quarter of 2023 (the fourth calendar quarter) on Thursday, February 2.
The first quarter earnings call will provide some insight into holiday sales of the iPhone 14 models, the Apple Watch Series 8 and Ultra, new iPad models, and the AirPods Pro 2. iPhone sales were constrained during the quarter because of issues with supply. Apple in November sent out a press release warning about COVID-19 impacts on iPhone 14 Pro and Pro Max shipments, letting customers know to expect longer than normal wait times.
Last week, Apple shares hit an 18-month low given the ongoing iPhone shipment issues, a broader downturn in the stock market, and Apple’s inability to meet demand during the holiday quarter.
Apple did not provide guidance on the first quarter of 2023, but in the first quarter of 2022, the company reported revenue of $123.9 billion and net quarterly profit of $34.6 billion.
The earnings statement will be released at 1:30 PM Pacific/4:30 PM Eastern, with a conference call to discuss the report taking place at 2:00 PM Pacific/5:00 PM Eastern.
Stay tuned for additional details as they become available.
Via MacRumors and investor.apple.com