Apple Q1 FY23 Earnings Preview — Betting the % change in closing after-hours price to win!

Place your Bet on AAPL's percentage change in closing after-hours price (e.g.+3%) of February 2 ET by 7:00 PM, February 2 ET. The mooer with the closest bet will win 300 points!

The 10th, 20th, 30th, 40th and so on mooers to comment will get 30 points.

Apple's Q1 FY23 Earnings Conference Call is to be hosted on February 2 ET, after the U.S. markets close! The consensus estimate for revenue is expected at $121.7 billion, indicating a nearly 1.9% year-on-year (YoY) decrease. The EPS is estimated at $1.95 for this quarter, which suggests a fall of 7.3% YoY.

Apple proved to be more resilient than other Big Tech rivals in the last year, with a drop of 26%. Whereas things may be more challenging this time. Apple is expected to report the first fall in quarterly revenue over three years. The main reasons could be the drop in iPhone and Mac sales as Apple met softer demands globally for device bites as well as supply chain challenges. The foreign exchange headwinds and high inflation rates might also negatively impact the multinational giant.

However, the company's strong brand, unique ecosystem, and world-class talents still offer an exceptional platform for further expansion. Even, China as one of the largest markets to Apple, now abandoned the Zero-Covid policy and is reopening this year. Its main supplier Foxconn also said the largest iPhone factory has returned to normal from January 2023 after suffering from Covid-19 disruption in December.

Period: Last 3 months; Number: 27 institutional analysts

Rewarding points will be distributed within 5-7 working days after the results are announced.

Rewarding points can be used to exchange gifts at the Rewards Club.

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