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HomeNewsApple to Announce Q1 2023 Earnings on February 2

Apple to Announce Q1 2023 Earnings on February 2

Apple today updated its investor relations page to announce that earnings for the first fiscal quarter of 2023 (fourth calendar quarter) will be shared 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 due to the ongoing ‌iPhone‌ shipment issues and a broader downturn in the stock market, and Apple’s inability to meet demand during the holiday quarter will likely have a notable impact on sales.

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 quarterly 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. MacRumors will provide coverage of both the earnings release and conference call on February 2.Tag: Earnings
This article, “Apple to Announce Q1 2023 Earnings on February 2” first appeared on MacRumors.com

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