What happens when the AI stock market bubble bursts?
The hottest stocks in the market – Apple, Nvidia, and Meta – reflect the hype from past crashes. Is AI optimism about to crumble?
Apple is scheduled to report its fourth quarter results after the bell on Thursday, October 30th, just days after reaching a market capitalization of $4 trillion.
Technology market research firm Counterpoint released data earlier this month showing that iPhone 17 sales increased by 14% in the first 10 days of sales in the US and China compared to iPhone 16 sales.
Although Apple also releases new versions of popular products such as the MacBook Pro, iPad Pro, AirPods, and Apple Watch, the company’s main source of revenue comes from the iPhone and services.
It’s been a volatile year for the company, but this will be its last fiscal quarter. Apple CEO Tim Cook previously said President Donald Trump’s tariffs would take a $1.1 billion hit to the company this quarter. The majority of iPhones are manufactured in India.
Shortly after the president announced the tariffs earlier this year, Apple announced it would invest $100 billion to make iPhone parts in the U.S. President Trump publicly pressured Apple to expand manufacturing in the U.S.
Still, iPhones will likely continue to be assembled overseas in the short term.
Wall Street is hoping for more clarity on how the company is faring in the AI race, which is proving to be a bigger challenge for Apple as it seeks to leverage AI technology.
Here’s how to heed this call as the bottom line approaches.
How to watch Apple’s financial results announcement
Investors will be able to access Apple’s fourth quarter earnings report on the company’s Investor Relations website. The company will report its results after the bell on Thursday. The call is scheduled for 5 p.m. ET.
Apple earnings forecast
According to a report from Yahoo Finance, Wall Street expects the company to report earnings of $1.77 per share and revenue of $102.1 billion. This is an increase from the company’s sales of $94.9 billion last year, and earnings per share of $1.64.
Wall Street expects the iPhone alone to bring in $49.3 billion in revenue. This is a 6.7% increase compared to the $46.2 billion the company generated in 2024.
What did Apple say in its last earnings report?
CNN reported that Apple reported strong revenue last quarter, especially from sales in China.
iPhone sales generated $44.5 billion in revenue, outpacing Wall Street. Revenue increased from $39.3 billion in the same period last year. The company grew 10% year-over-year, with total revenue of $94 billion.
What is Apple’s stock price?
Apple stock closed the day up 0.26% on Wednesday, October 29th.
Michelle Del Rey is a trending news reporter for USA TODAY. Please contact mdelrey@usatoday.com.
