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Live updates: Apple to report 4th-quarter earnings

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Apple CEO Tim Cook officially took over the company in 2011.

Richard Drew/AP

Apple reports fiscal first-quarter earnings on Thursday.Investors will be watching iPhone sales in China and commentary around the launch of the Vision Pro.The company’s stock is down 3.8% in 2023, trailing the market.

Apple will report first-quarter earnings on Thursday after the closing bell.

iPhone sales in China, growth of the company’s high-margin Services business, and commentary around this week’s launch of the Vision Pro will be top of mind for Wall Street analysts during Apple’s earnings conference call.

Apple’s stock was down 3.8% year-to-date through Wednesday’s close, lagging the benchmark S&P 500, which is up 1.8%.

Apple’s consensus first-quarter revenue estimate is $117.97

1st quarter

Revenue estimate: $117.97 billion

Products revenue estimate: $95.14 billion

iPhone revenue estimate: $68.55 billion

Mac revenue estimate: $7.9 billion

iPad revenue estimate: $7.06 billion

Wearables, home and accessories estimate: $12.02 billion

Service revenue estimate: $23.37 billion

Greater China rev. estimate: $23.5 billion

EPS estimate: $2.11

Operating cash flow estimate: $34.58 billion

Total operating expenses estimate: $14.62 billion

Gross margin estimate: $53.56 billion

Cash and cash equivalents estimate: $38.81 billion

Cost of sales estimate: $65.01 billion

Total current assets estimate: $157.25 billion

Total current liabilities estimate: $142.36 billion

Source: Bloomberg

Read the original article on Business Insider

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