Apple Inc. (AAPL) is set to report its quarterly results this week amid a 5% drop in its stock this year, underperforming compared to the S&P 500. Analysts have maintained a positive outlook, with the Zacks Consensus EPS estimate at $2.65, a 1.1% increase since November, and sales expected to reach $137.4 billion, up 1.2% over the same period.
Key metrics of interest include Apple’s Services revenue, which is projected at $30 billion, reflecting a 14% year-over-year increase. iPhone sales are forecasted to reach $77.6 billion, making it the largest sales contributor, though the growth of the Services segment is reducing reliance on hardware sales. The earnings release will likely highlight Apple’s recent collaboration with Alphabet (GOOGL) concerning AI technology, particularly in light of mixed reactions to Apple’s AI features so far.
