Apple (AAPL) Q4 Earnings Expected at $113.39B Revenue, $1.99 EPS

Apple (AAPL) is set to report its fiscal fourth-quarter earnings after the bell on Monday, marking the first earnings call with new CEO John Ternus. Analysts expect earnings per share (EPS) of $1.99 and revenue of $113.39 billion, an 11% increase from $102.5 billion a year earlier. Projected iPhone sales for the quarter are $56.59 billion, including eight days of new iPhone 18 Pro sales.

The earnings will not include sales from the iPhone Duo, launched after the quarter closed, which faces supply shortages and reported durability issues affecting a small number of devices. Apple raised iPhone prices by $100, which may have affected demand. Investors will be keen to hear Ternus's insights on Apple's strategies in China, recent product launches, and ongoing challenges with memory and flash storage shortages.

Analyst sentiments show caution due to uncertainties around iPhone sales cycles, limited AI monetization, and concerns over gross margin sustainability. Bank of America highlights a potential margin drop despite tariff refunds, while Barclays maintains an underweight rating citing fading pricing benefits. The call at 5 p.m. ET could clarify how Apple plans to address these challenges going forward. The earnings report matters because it will inform investors about revenue growth and profit margins amid product launch issues and supply constraints, directly affecting Apple's financial outlook and stock performance.