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3 Things To Look For In Apple's Q3 Earnings Report

Apple Inc. (NASDAQ: AAPL) designs a wide variety of consumer electronic devices, including smartphones, tablets, PCs and smartwatches, among others. The iPhone makes up the majority of Apple's total revenue.

Benzinga · -

Apple Inc. (NASDAQ:AAPL) designs a wide variety of consumer electronic devices, including smartphones, tablets, PCs and smartwatches, among others. The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple TV+, Apple Card and Apple Pay.

Apple reports fiscal third-quarter earnings on Thursday after the close. The EPS and sales numbers are always important, with consensus estimates of $2.04 and $52.25 billion, respectively, but each company has its own specific projects and updates to look out for.

Here are three things to look out for in Apple’s earnings report.

Next-Generation iPhone: The tech world always gets excited about the upcoming iPhone. The financial world gets excited as well as the iPhone is one of Apple’s biggest and most notable products. News surrounding the iPhone can move the stock if notable enough.

Services Revenue: Software has been a big beneficiary of the pandemic. Apple’s services such as Apple TV+ and Apple Music could potentially see a boost in users.

In-House Mac Chips: Apple is set to replace Intel (NASDAQ:INTC) processors in its Macs with in-house chips. Any updates on this could move Intel’s stock as it has a long history of making chips for Macs.