Evaluate the expected performance of Apple (AAPL) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Apple has been banned from selling the iPhone 16 in Indonesia. The Indonesian government said Apple hasn't met a requirement for 40% of parts to be sourced locally.
Angelo Zino, CFRA senior equity analyst, previews Apple's earnings which come out after the bell on Thursday. He says the iPhone 17 will be better than the iPhone 16 and he expects demand to grow again in China.
CNBC's Steve Kovach reports on the latest news from Apple.
Apple Intelligence is expected to be officially released on Monday and spur iPhone 16 sales. However, Indonesia is blocking sales of the latest Apple handset.
Tech giant Apple Inc will not be allowed to sell its iPhone 16 smartphones in Indonesia because they have not met the country's rules on the use of locally made components, the industry ministry said.
Big tech rivals can distribute AI widely through their services, while Apple's hardware-centric business needs its devices as the touchpoint.
Apple (AAPL) will report earnings after the market closes Thursday, the company's first report since the September release of the iPhone 16.The world's most valuable company—its market value is above $3.5 trillion—is expected to report revenue of $94.58 billion, up more than 5% year-over-year, per Visible Alpha. The Street expects net income of $22.49 billion, or $1.48 per share, compared to $22.96 billion, $1.46 per share, a year earlier.
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Nearly $193 billion of the $313 billion investment portfolio Warren Buffett oversees at Berkshire Hathaway can be traced to four market-leading businesses.
Apple has a slate of announcements expected this week on top of earnings. Greg Joswiak, senior vice president of marketing at Apple, teased something new for Macs.
Big Tech earnings this week could drive markets, as Meta, Apple, and Amazon prepare to reveal AI and growth strategies amid market uncertainty.