Apple Faces $113 Billion Revenue Test as Markets Seek Margin Relief
Updated
Updated · Reuters · Nov 2
Apple Faces $113 Billion Revenue Test as Markets Seek Margin Relief
3 articles · Updated · Reuters · Nov 2
Summary
Apple reports later Monday with investors focused less on headline growth than on whether margins can hold up despite higher chip and memory costs.
Analysts expect about $113 billion in revenue, up 11% year on year, with earnings per share at $2.00 and gross margins seen at 47% to 48%.
The results could steady broader tech sentiment after last week's Nasdaq selloff, especially as Apple has avoided the heavy data-center spending weighing on some AI-linked peers.
Apple's guidance on iPhone 18 demand is also in focus after mid-October pre-orders, with the stock already up 27% this year and the company's valuation above $5 trillion.
The earnings arrive as markets also weigh AMD results later this week, US midterm uncertainty and Brent crude staying above $100 into April despite Monday's oil pullback.