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Apple Q4 Preview: All Eyes on iPhone 18, Dan Ives Says Company ‘Has the Demand Backdrop to Deliver’

Reviewed by ClearTape · Source: Benzinga

Key takeaways

Apple’s Q4 earnings will test its ability to deliver on strong iPhone demand and AI‑driven services growth under new CEO John Ternus.
Revenue: $113.39 billion
EPS
Earnings per share — profit for one share of the company, in dollars.
Learn more →
: $1.99
iPhone revenue growth: 15%
YoY
Year over year — compared with the same period last year.

What happened

Apple Inc. (NASDAQ: AAPL) is set to report fiscal fourth‑quarter earnings after the market close, with analysts expecting revenue of $113.39 billion and earnings per share of $1.99. The company has consistently beat estimates for 14 straight quarters. The report will include nine days of iPhone 18 Pro and Pro Max sales and will be the first earnings call under new CEO John Ternus.

Why it matters

The quarter will show the first full period of iPhone 18 demand and the impact of the iPhone Duo launch, which began sales on Oct. 23. Investors are watching how Apple manages supply, memory costs, and holiday sales, as well as its AI and services strategy.

Short-term and longer-term

Short-term. Over the next few days, watch for Apple’s

guidance

What a company says it expects for future sales or profits — a forecast from the company, not a guarantee.

on holiday sales and AI initiatives.

Longer-term. For the coming months, the focus will be on whether Apple can sustain the projected 15%

YoY

Year over year — compared with the same period last year.

growth in iPhone revenue and the 10% YoY rise in services.

Words on this card

Fiscal quarter: A three‑month period used by companies for reporting financial results.
YoY: Year‑over‑year, comparing a period to the same period in the previous year.
AI monetization: Revenue generated from artificial intelligence products and services.
Capital allocation: How a company decides to spend or invest its cash, such as through buybacks, dividends, or new projects.
Outperform rating: An analyst’s recommendation that a stock is expected to perform better than the broader market.
EPS Learn: Earnings per share — profit for one share of the company, in dollars.

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