From Nasdaq: 2024-05-01 11:57:00

Apple is set to report its second-quarter fiscal 2024 results on May 2, with expectations of growth in the PC market and Services business. The PC segment saw a 1.5% increase in shipments, led by Lenovo, HP, and Dell. Apple had the strongest growth at 14.6%, driven by updated products like the MacBook Pro and iMac.

Services business growth is expected to boost Apple’s revenue, supported by a growing user base for apps like Apple Music and Apple TV+. The Services portfolio accounted for 19.3% of sales in the first quarter of fiscal 2024, with over 1 billion paid subscribers. Second-quarter fiscal 2024 Services revenues are estimated at $23.07 billion.

However, iPad and Wearables, Home & Accessories revenues are expected to decline in the upcoming report. iPad revenues are forecasted to decline by 22.2% year-over-year, while Wearables, Home & Accessories revenues are expected to drop by 5.4%. Additionally, the overall fiscal second-quarter results for Apple are anticipated to be released soon.

In the midst of competitive market conditions, Apple faces challenges in maintaining Mac revenues, with an estimated decline of 15.9% year-over-year to $6.03 billion. Despite this, the ongoing growth in the Services business segment offers a significant revenue potential for the company.Stay updated with the latest earnings announcements and analysis from Zacks Investment Research.



Read more at Nasdaq: Will Solid Mac Sales & Services Aid Apple’s (AAPL) Q2 Earnings?