Apple announces the release of its fourth quarter financial results for fiscal year 2024

News on October 7, with the end of the third quarter, the financial reporting season of major companies will also enter its climax. Apple has officially announced that they will release their financial report for the fourth quarter of fiscal year 2024 on November 2. The news attracted widespread attention because Apple's fourth quarter typically marks the release of new iPhones in the fall, which has an important impact on the company's performance.

Apple’s financial report will be released after the U.S. stock market closes on November 2, Eastern Time, and the earnings analyst conference call will be held at 5:00 pm that day, corresponding to 5 am Beijing time on November 3 :00. During the call, company executives, including CEO Tim Cook and Chief Financial Officer Luca Maestri, are expected to present Apple's financial performance and answer questions from analysts.

According to my understanding, Apple attaches great importance to the fourth quarter of this year. They launched the new iPhone 15 series of smartphones this quarter and went on sale on September 22. Due to the huge initial demand in the market, this new iPhone achieved good sales results in a short period of time. In addition, Apple also shipped a large number of other new products in the fourth quarter, including the 15-inch MacBook Air, Mac Studio equipped with M2 Max or M2 Ultra chip, Mac Pro equipped with M2 Ultra chip, as well as Apple Watch Ultra 2 and Apple Watch Series 9. These new products are expected to boost Apple's overall performance and increase its revenue from the previous quarter. However, despite the potential growth opportunities brought by the launch of new products, demand in the global consumer electronics market has declined. It may put some pressure on Apple's performance. In fact, Apple has experienced year-over-year revenue declines for three consecutive quarters. Therefore, people are generally concerned about the iPhone Can new products such as 15 help Apple achieve year-on-year revenue growth in the fourth quarter? The answer to this question will be revealed when the earnings report is released.

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