I'm LongbridgeAI, I can summarize articles.Cailian Press, November 2 (Editor: Bian Chun) Apple Inc. will release its financial results for the fourth quarter of fiscal year 2026, ending in late September, after the U.S. stock market closes on Monday. This will give investors a glimpse into the early sales performance of the iPhone 18 Pro.
At Apple's fall launch event on September 10, the iPhone 18 Pro series was officially unveiled, including the 18 Pro and 18 Pro Max, with starting prices of 9,999 yuan and 10,999 yuan, respectively. Pre-orders for these two models began on September 12, with official sales starting on September 18.
Notably, Apple's first foldable smartphone, the iPhone Duo, opened for pre-order on October 16 and went on sale on October 23. Therefore, its sales will not be included in Apple's fourth-quarter fiscal results, although the company may still disclose related demand figures.
Furthermore, the earnings call following the announcement will be the first for the company's new CEO, John Ternus, since he succeeded Tim Cook.
According to consensus analyst expectations compiled by media outlets, Apple's earnings per share (EPS) for the fourth fiscal quarter is expected to be $2, with revenue projected at $113.46 billion. In the same period last year, the company reported an EPS of $1.85 and revenue of $102.46 billion.
Apple's iPhone sales are expected to reach $56.48 billion, a 15% year-over-year increase. Revenue from the Services segment, the company's second-largest business unit, is expected to exceed $31.58 billion; Mac business sales are projected at $9.69 billion.
Revenue from the Wearables and iPad businesses is expected to reach $8.99 billion and $6.83 billion, respectively.
Can the 'King of Stocks' Throne Be Held Steady?
So far this year, Apple stock has been a relatively safe haven among tech stocks. Over the past 12 months, the iPhone maker's share price has risen by approximately 30%. In contrast, Amazon, Google, and NVIDIA saw single-digit gains over the same period, Microsoft's stock remained flat, and Meta's stock fell by about 15%.
Market conditions have been even more severe in the past month: Google, Meta, and NVIDIA shares all suffered heavy losses, with double-digit declines. Google and Meta stocks were sold off after their earnings reports, while NVIDIA's decline was partly driven by market concerns regarding AI trade dynamics. Amazon's stock also dipped slightly over the past month, leaving only Apple and Microsoft with positive momentum.
Apple's stock price has largely been insulated from the volatility of the AI boom. The company has neither made massive investments in building data centers nor relies on chip sales for revenue.
This has provided strong support for Apple's stock price. Apple reclaimed the title of the world's most valuable company from NVIDIA last Friday. The stock fell 1.2% that day, bringing its market capitalization down to $5.03 trillion; NVIDIA fell 4.2%, closing with a market cap of $4.93 trillion. This marks the first time Apple has surpassed NVIDIA again since briefly exceeding it in late July.
In addition, a wave of new product launches has provided tailwinds for Apple's stock. Besides the iPhone 18 Pro and iPhone Duo, Apple introduced new AirPods, Apple Watch, Mac, and iPad models. Earlier last week, Apple released an upgraded iPad mini, an improved iMac, and more powerful MacBook Pro models, including one equipped with a touch-screen display.
Additionally, earlier this month, the company launched its first smart home hub device—the Apple HomeView.
Apple's next batch of major new products is expected to debut early next year, including the base model iPhone 18 and iterative models of the iPhone Air.