Key Information to Be Aware of Before Apple's Earnings Report on Thursday

Noteworthy Insights: Apple's Q1 2024 Earnings Report

Financial Snapshot:

• Apple gears up for a substantial turnaround with expected YOY revenue growth after a year and the most robust EPS in two years.

Metric	Q1 FY2024	Q4 FY2023	Q1 FY2023
Revenue	$117.97B	$89.5B	$117.15B
Earnings Per Share (EPS)	$2.09	$1.46	$1.88
Net Income	$32.56B	$22.96B	$30B

iPhone Sales Momentum:

• iPhone sales poised for a 4% YOY growth at $68.4B, driven by early success of the iPhone 15 series.
• Concerns arise about sustaining this momentum as a consumer survey indicates a preference for longer phone retention.

Business Landscape:

• Positive: Apple ventures into a new product category with the Apple Vision Pro, spatial computing hardware launching on February 2.
• Challenges: Legal hurdles include a U.S. ban on certain Apple Watches pending a patent appeal and a looming antitrust case by the U.S. Justice Department over iPhone practices.

Stock Performance:

• Despite challenges, Apple's shares surge 32% in the last 12 months, showcasing investor confidence.