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What Wall Street expects from Apple’s Q3 earnings on Thursday
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MacDailyNews
Consensus forecasts (drawn from roughly 27–31 analysts) call for:• Revenue of approximately $108.9 billion, up about 16% from $94.0 billion a year earlier.
Apple has beaten estimates in recent quarters, with an average earnings surprise of more than 7% over the past four reports.
• Services, Apple’s high-margin growth engine, is expected around $31.4 billion, up from $27.4 billion a year earlier (mid-teens percentage growth).
• Mac, iPad, and Wearables are expected to contribute more modestly, with some notes of supply constraints on certain Mac models.
UBS is more cautious at $107.8 billion revenue and $1.84 EPS.