Apple Nears $5 Trillion Value as 15.5% Revenue Growth Looms in Strongest June Quarter Since 2021
Updated
Updated · Yahoo Finance · Jul 29
Apple Nears $5 Trillion Value as 15.5% Revenue Growth Looms in Strongest June Quarter Since 2021
3 articles · Updated · Yahoo Finance · Jul 29
Summary
$108.65 billion in expected fiscal third-quarter revenue has pushed Apple shares higher, putting the company near a $5 trillion market value ahead of results due Thursday.
20.8% projected iPhone revenue growth is driving the forecast, helped by unchanged iPhone prices even as Apple raised prices on some iPads and MacBooks to offset higher memory and storage costs.
3% iPhone shipment growth lifted Apple's global smartphone share to nearly 20%, while analysts see Mac revenue growth accelerating to 8.7% and iPad growth slowing to 5.2%.
47.9% gross margin is forecast, down from 49.3% in the prior quarter, leaving investors focused on whether Apple can sustain demand and whether management signals an iPhone price increase later this year.