Tech giant Apple Inc. (AAPL) is all set to disclose its fiscal 2024 first quarter results on Thursday, February 1, 2024. Wall Street forecasts AAPL’s first-quarter revenue to experience a marginal year-over-year increase to $118.26 billion, while its EPS for the same quarter is anticipated to witness a notable 11.9% year-over-year surge to $2.10. Meanwhile, AAPL’s fiscal 2023 fourth-quarter results painted a mixed picture.
Although the company exceeded revenue and EPS estimates for the fourth quarter, its Mac revenue of $7.61 billion fell short of analysts' expectations, which were pegged at $8.63 billion. Similarly, its services revenue of $22.31 billion was slightly below the estimated $21.35 billion. On a brighter note, its revenue from iPhone sales met Wall Street expectations.
