Apple Q2 FY24 Earnings Preview: Grab rewards by guessing the opening price!
Apple is releasing its Q2 2024 earnings after the market closes on May 2.
Since its Q1 earnings release, shares of $Apple (AAPL.US)$ have seen a decrease of 6%. ![]()
Its implied move on the earnings date is 4.2%. How will the market react to the upcoming results? Make your guess now! ![]()
Rewards
● An equal share of 5,000 points: For mooers who correctly guess the price range of $Apple (AAPL.US)$'s opening price at 9:30 AM ET May 3 (e.g., If 50 mooers make a correct guess, each of them will get 100 points.)
(Vote will close on 8:00 AM ET May 3)
● Exclusive 300 points: For the writer of the top post on analyzing AAPL's earnings prospects.
● Limited Offer: Enjoy 3 months of Nasdaq TotalView level 2 data on us, forecast more stocks' opening price after earnings release more accurately! Claim here>>
Note:
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
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102362254 : In Q2 FY24, iPhone revenue is expected to drop by 11% to $45.9 billion, but the overall smartphone and PC industry is improving, which might benefit Apple in 2024 and 2025. Despite weaker iPhone sales, the Services segment, fueled by the App Store, is set to grow by 14% to $23.9 billion.
AppleTV+ increased its subscription price to $9.99/month and is expanding its content library by licensing more third-party films.
Anticipated catalysts for the latter half of 2024 include the WWDC event for new product announcements, AI-related updates, and potential launches across Apple's lineup. The iPhone 16 launch in 2025 could boost revenue. Analysts expect Q2 FY24 to be challenging but foresee potential growth with the iPhone 16 release.
My speculative guess is $Apple (AAPL.US)$ may open between 170-190 on May 3rd.
74298026 : Strong Profit from Phones and vision pro. cancellation of apple car makes cash reserve better
Create wealth : !
Jus FL :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
kingshawne : that's it right there , it's gonna fall some before then
FateX : up
somewhero : guessed
Huat Ah717 : Apple
_glendon : $$Apple (AAPL.US)$ $180 after earnings
101854782 : Guessed it
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