Here’s what Wall Street expects from Apple’s Q124 earnings on Thursday

On Thursday, after the closing bell, for fiscal first quarter 2024 earnings, Apple is expected by Wall Street analysts to post quarterly earnings of $2.09 per share, reflecting a year over year increase of 11.2%. Revenues are forecasted to be $117.62 billion, an increase of 0.4% YoY.
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Analysts expect ‘Revenue- Wearables, Home and Accessories‘ to come in at $11.27 billion. The estimate indicates a year-over-year change of -16.4%.
The consensus among analysts is that ‘Revenue- iPhone‘ will reach $68.64 billion. The estimate points to a change of +4.4% from the year-ago quarter.
The average prediction of analysts places ‘Net Sales- Services‘ at $23.40 billion. The estimate indicates a year-over-year change of +12.7%.
Analysts forecast ‘Revenue- Mac‘ to reach $7.77 billion. The estimate points to a change of +0.4% from the year-ago quarter.
Analysts predict that the ‘Net Sales- Products‘ will reach $94.45 billion. The estimate points to a change of -2% from the year-ago quarter.
Analysts’ assessment points toward ‘Revenue- iPad‘ reaching $6.77 billion. The estimate indicates a change of -28% from the prior-year quarter.

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MacDailyNews Take: As usual, we plan to have Apple’s earnings posted (just check our home page) as soon as they are available, right around 1:30pm PT / 4:30pm ET on Thursday, February 1st.
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