Reading Between the Lines of Apple’s 1Q25 Earnings Q&A With Analysts
Today's Above Avalon Daily email contains the following story:
Reading Between the Lines of Apple’s 1Q25 Earnings Q&A With Analysts
We will continue reviewing Apple’s 1Q25 earnings. Here’s a recap of where things stand:
Last Friday’s update : Go over my big picture thoughts / compare Apple’s results to my expectations.
Today’s update: Examine Apple’s earnings call with analysts. Instead of just recapping the question and answer exchanges that occurred on Apple’s 1Q25 earnings call, we will go over my thoughts / response to each exchange.
Wednesday’s update: Cover various Apple earnings topics. Given the length of today’s email, a few discussion topics that could have been put into today’s email have been pushed to Wednesday's update.
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Initial Thoughts on Apple’s 4Q24 Earnings
Hello everyone. There’s a lot to say regarding Apple’s earnings. In this special Friday edition of Above Avalon Daily, we will go over my initial thoughts. The discussion will continue on Monday.
Initial Thoughts on Apple’s 4Q24 Earnings
Heading into Thursday, expectations facing Apple were a tad elevated versus what the market was needing to hear over the summer. Despite those higher expectations, Apple’s underlying business performance had positioned the company well to not disappoint. That’s pretty much exactly how Apple’s 4Q24 earnings release played out. Revenue and adjusted EPS were spot on to my estimates. Looking ahead at 1Q25 guidance, we can call Apple’s commentary as good. There was no need to add a disclaimer or asterisk to that either.
Looking at Apple’s performance at a very high level:
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