Apple earnings live updates: Wall Street watching for AI updates around iPhone, consumer-spending guidance

• Apple reports fiscal fourth-quarter net aft nan closing doorbell connected Thursday.
• The institution is expected to study gross of $94.36 billion.
• Apple's banal is up astir 19% successful 2024.

Apple is group to study its fiscal fourth-quarter results aft nan marketplace close, and it's a large deal!

Apple is nan largest institution successful nan world, arsenic measured by marketplace value, truthful its results could person a sizable effect connected nan broader banal market.

According to information from ETF.com, Apple is nan largest holding successful nan S&P 500, pinch a weight of conscionable complete 7%.

Apple's net results tin person knock-on effects for nan galore nationalist companies that proviso it pinch components for its iPhones, iPads, and Mac computers. Investors will besides extrapolate what Apple's results could mean for consumers' financial health.

With this quarter's results containing only 2 weeks of income for Apple's caller iPhone 16 lineup, analysts will beryllium laser-focused connected nan company's guidance for nan upcoming vacation season, which has historically been its strongest play of nan year.

Any guidance from Apple CEO Tim Cook connected nan effect its AI features are having connected iPhone request will besides beryllium a cardinal point to perceive for.

Apple banal is up astir 19% year-to-date, somewhat down nan S&P 500's summation of astir 22%.

Check successful for unrecorded updates connected Apple's net results passim nan day. The institution will study results astatine 4:30 p.m. ET.