Tim Cook participates in a panel discussion in New York City.
Brian Ah | Getty Images
Apple reports first-quarter results after the bell.
The quarter includes Apple’s holiday sales. It’s also the first full quarter of iPhone 13 sales, which will provide a data point on how Apple’s latest phone is selling. The iPhone 13 was launched in September.
Here’s what Wall Street expects, according to Refinitiv consensus estimates:
- EPS: $1.89 estimated
- revenue: Estimated $118.66 billion
Apple has not provided any guidance since the start of the Covid-19 pandemic, citing uncertainty.
But in October, Apple signaled that the December quarter would reflect “solid year-over-year revenue growth” over last year’s fiscal first quarter revenue of $111.4 billion.
Investors will also be paying attention to how well Apple has managed its supply chain during a global shortage of parts needed to build electronics. Apple said in October it was facing supply shortages that were expected to hurt revenue by over $6 billion in the quarter.