Apple is set to report its fiscal fourth-quarter earnings after the market closes on Monday, with new CEO John Ternus facing his first major Wall Street test. Analysts expect earnings per share of $1.99 and revenue of $113.39 billion, an 11% increase from the same period last year. iPhone sales are projected at $56.59 billion, though demand may have been affected by a $100 price hike on iPhones. The report will also include eight days of sales data for the new iPhone 18 Pro, while the iPhone Duo launched too late to be included in this quarter's figures.
Ternus, who took over from Tim Cook on September 1, has been highly visible since his appointment. He has unveiled new products, attended high-profile events like the Emmys, and even appeared on the cover of Time magazine. Investors will be listening closely to his remarks on Monday, particularly regarding Apple's strategy in China following the approval of its AI software and the company's approach to global shortages of memory and flash storage.
Apple's stock has been a standout performer this year, rising 27% as of Friday's close. The company has avoided the high capital expenditures seen among other megacap tech firms, taking a more measured approach to AI investments. This has positioned Apple favorably with investors, who will be watching closely for any shifts in strategy under Ternus' leadership.