From Nasdaq: 2024-07-30 14:04:00

Apple is set to report third-quarter fiscal 2024 results on Aug 1, with an expected boost from the growing PC market and steady Services business growth. In the second quarter, Apple led in PC shipment growth, with estimates showing a market share increase of 8.8-9%. The Zacks Consensus Estimate for Mac net sales is $6.92 billion.

The Services business is projected to benefit from increased App Store users and Apple TV+ viewership. Apple Music, Apple Arcade, Apple News+, and Apple Card adoption has been strong, with Services accounting for 26.3% of sales in the last quarter. The Zacks Consensus Estimate for Services net sales is $24 billion, showing a 13.1% year-over-year growth.

Apple anticipates double-digit growth in iPad revenues for the fiscal third quarter. The Zacks Consensus Estimate for iPad net sales is $6.88 billion, reflecting a 19% year-over-year increase. Stay updated on earnings announcements through the Zacks Earnings Calendar for potential stock opportunities post-earnings surprises.



Read more at Nasdaq: Will Solid Mac Sales & Services Aid Apple’s (AAPL) Q3 Earnings?