Apple reports fiscal fourth-quarter results Monday, with CEO John Ternus taking his first earnings call as investors weigh whether product demand can keep pace with rising memory prices.
Reuters, citing LSEG estimates, reported that Apple’s revenue is forecast at $113.39 billion, nearly 11% above a year earlier, while net profit is projected at $29.04 billion, up about 6%. The estimates put iPhone revenue at $56.54 billion, up about 15%, and Services revenue at $31.56 billion, nearly 10% higher. Reuters said the Services estimate would mark its weakest annual growth in more than three years. These are forecasts, not reported results.
Memory costs are another focus. On Apple’s July 30 earnings call, then-CEO Tim Cook said, “For September, we expect to pay even higher memory costs.” Apple did not give a dollar estimate for the expected increase.
Apple reported June-quarter revenue of $109.4 billion, up 16% year over year, and a gross margin of 50.1%. Tariff refunds contributed about 2 percentage points to the margin and 11 cents to diluted earnings per share, which was $2.02. The Associated Press reported that Apple raised prices on some Macs and iPads in June, citing a memory-chip shortage it linked to the artificial-intelligence boom.
Apple made iPhone 18 Pro models available Sept. 18. Its first foldable, iPhone Duo, began reaching buyers Oct. 23, after the fiscal quarter ended, so its initial sales fall within the period covered by the holiday outlook. Reuters reported that investors are also expected to ask about Apple’s AI strategy and Siri.
Apple’s investor-relations schedule sets the results release for 4:30 p.m. ET (21:30 UTC) and the call for 5 p.m. ET (22:00 UTC), converted from its listed 1:30 p.m. and 2 p.m. Pacific times. Ternus is due to discuss the holiday-quarter outlook on the call.
