Apple earnings live updates: Wall Street watching for AI updates around iPhone, consumer-spending guidance

• Apple reports fiscal fourth-quarter earnings after the closing bell on Thursday.
• The company is expected to report revenue of $94.36 billion.
• Apple’s stock is up about 19% in 2024.

Apple is set to report its fiscal fourth-quarter earnings after the market close, and investors are eager to see the results.

Apple is the largest company in the world, as measured by market value, and its earnings could have a sizable impact on the broader market.

Apple’s earnings results can have knock-on effects for the many public companies that supply it with components for its iPhones, iPads, and Mac computers, and investors will also extrapolate what Apple’s results could mean for consumer health.

With this quarter’s results containing only two weeks of sales for Apple’s new iPhone 16 lineup, analysts will be laser-focused on the company’s guidance for the upcoming holiday season, which has historically been its strongest period of the year.

Any guidance from Apple CEO Tim Cook on the impact its AI features are having on iPhone demand will also be a key item to listen for.

Apple stock is up about 19% year-to-date, slightly behind the S&P 500’s gain of about 22%.

Check back for live updates on Apple’s earnings results throughout the day. The company will report results at 4:30 p.m. ET.