Apple today updated its investor relations page to announce that earnings for the first quarter (fourth calendar quarter) of 2023 will be released on Thursday, February 2nd.
The first quarter earnings call provides insight into holiday sales of iPhone 14 models, Apple Watch Series 8 and Ultra, new iPad models, and AirPods Pro 2. Supply issues dampened iPhone sales during the quarter. Apple sent out a press release warning in November about the impact of his COVID-19 on iPhone 14 Pro and Pro Max shipments, informing customers that longer-than-usual wait times are to be expected. .
Last week, Apple’s stock hit an 18-month low due to ongoing iPhone shipping problems and a broader stock market slump. Apple’s inability to meet demand during the holiday season can have a noticeable impact on sales.
Apple didn’t provide guidance for the first quarter of 2023, but in the first quarter of 2022, the company reported revenue of $123.9 billion and net quarterly earnings of $34.6 billion.
The quarterly earnings call will be released at 1:30 pm Pacific/4:30 pm Eastern and a conference call to discuss the report will be held at 2:00 pm Pacific/5:00 pm Eastern. Mac Rumors will cover both its earnings release and conference call on February 2nd.
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