Analysts expect the tech titan to report earnings of $2.34 per share for the December quarter, compared to
$2.18 per share in the prior year period. The consensus revenue estimate for Q1 is $124.03 billion, which represents a 3.7% growth from the first quarter of 2024.
In the fourth quarter of 2024, the company generated revenues of $94.9 billion, compared to $89.5 billion in the same period of 2023. There was a 6% increase in iPhone sales. Earnings, on a reported basis, was $14.7 billion or $0.97 per share in Q4, compared to $22.9 billion or $1.46 per share in the year-ago period. Adjusted profit rose 12% annually to $1.64 per share during the three months.