The earnings results for the third quarter will be reported by Apple on July 28. There is a time zone in the Pacific. Immediately after the results are announced, Apple will host a conference call.
There are some key things to know about Apple's third quarter.
The third quarter of Apple's fiscal year ended in June. An updated 13-inch MacBook Pro with the M2 chip was released by Apple. Orders for the new MacBook Air with the M2 chip did not start until after the quarter ended.
There were two new Pride Edition bands for the Apple Watch during the quarter.
According to Yahoo Finance, Apple is expected to report revenue of $82 billion in the third quarter.
In the third quarter of 2021, Apple's revenue was $81.2 billion, which would be a year-over-year growth of 1.5%, but it would be a big blow to the company. Apple's year-over-year revenue growth between the third quarter of 2020 and the fourth quarter of 2020 was 36%, as demand for the company's products and services increased as more people worked from home.
Tim Cook and Luca Maestri will speak on the call. The company's third quarter earnings results will be discussed on Thursday. There will be a Q&A segment with analysts on the call.
There will be a live audio stream of the conference call on Apple's Investor Relations page.
Concerns over reduced consumer spending, high inflation, and the Russia-Ukraine war are some of the factors that investors will be paying attention to. Increased economic uncertainty is said to be behind Apple's plan to slow hiring and spending in the years to come.
The fourth quarter of Apple began on June 26. The start of orders for the new MacBook Air with the M2 chip has already been included in the quarter, and it will likely include a few days of pre-orders for the new phone.
Slower revenue growth is expected even though Apple has not provided revenue guidance.
Apple's share price is down from a high of $182.94
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