Apple to announce Q3 2024 earnings live on 1 August

Apple has announced that it will hold a conference call to discuss its financial results for the third quarter of fiscal year 2024, which ended 29 June 2024. The conference call will be held on Thursday, 1 August 2024 at 21:00 ET.

What we know

A webcast of the conference call will be available on Apple's website at https://investor.apple.com/investor-relations/default.aspx.

Q3 2024 details:

• Services revenue to grow at a double-digit rate.
• iPad revenue will grow at a double-digit rate.
• Gross profit is expected to be in the range of 45.5% to 46.5%.
• Operating expenses are expected to be in the range of $14.3 billion to $14.5 billion.
• Other income and expenses are expected to be around USD 50 million, excluding any potential impact of the market valuation of minority investments.
• The tax rate will be approximately 16%.

Financial results for 3Q2023 for comparison purposes:

• iPhone: $39.67 billion (approx. $39.9 billion)
• Mac: $6.84 billion (approximately $6.6 billion)
• iPad: $5.79 billion (approx. $6.4 billion)
• Wearables, home and accessories: $8.28 billion (approx. $8.4 billion)
• Services: $21.21 billion (approximately $20.8 billion)

Source: Apple