Apple eyes iPhone growth in first earnings report since Tim Cook's announced exit
Apple is set to report its fiscal second-quarter earnings, its first since announcing Tim Cook's upcoming transition to executive chairman and the appointment of John Ternus as CEO. Analysts expect strong revenue growth driven by iPhone sales, particularly the iPhone 17, as well as new product launches like the MacBook Neo and iPhone 17e. Key topics for the earnings call include Apple's AI strategy, memory cost pressures, and leadership transition under incoming CEO John Ternus.
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Apple reports fiscal second-quarter earnings on Thursday, its first time facing Wall Street since the announcement last week that Tim Cook will be stepping down as CEO after 15 years on the job. Here's what investors are expecting, according to LSEG consensus estimates.EPS: $1.95Revenue: $109.7 billion Wall Street is also looking at these key areas: iPhone revenue: $56.7 billion expected, according to StreetAccount Mac revenue: $8.16 billion expected, according to StreetAccountiPad revenue: $6.71 billion expected, according to StreetAccountWearables, Home and Accessories revenue: $7.8 billion expected, according to StreetAccountServices revenue: $30.4 billion expected, according to StreetAccountGross margin: 48.4%Analysts expect 15% year-over-year revenue growth at Apple from $95.4…
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