Wall Street is eager to see some sign that AI is driving iPhone demand in Apple's latest earnings report

• Apple is group to study fiscal fourth-quarter net results aft nan marketplace adjacent connected Wednesday.
• Wall Street anticipates $94.36 cardinal successful gross and adjusted net per stock of $1.60.
• Analysts foretell mixed results and want to spot if AI features will boost early iPhone demand.

All eyes are connected Apple, nan world's largest institution by marketplace value, arsenic it prepares to study its fiscal fourth-quarter results aft nan marketplace closes connected Wednesday.

The quarter, which ended September 30, will encapsulate 2 weeks of Apple's iPhone 16 lineup sales.

The banal was trading astatine $230.40 astatine 1:50 p.m. ET, down by astir 1.4%.

Here's what Wall Street expects Apple to study for its fiscal fourth-quarter, according to Bloomberg data:

• Revenue: $94.36 billion
• Adjusted net per share: $1.60

Wall Street will mostly beryllium looking to nan company's guidance for nan upcoming vacation months, which has historically represented Apple's strongest quarter.

Top of mind for analysts who screen nan banal is whether Apple's AI efforts will salary disconnected and substance request for nan iPhone 16, aliases if consumers are taking a wait-and-see approach.

The institution released its first information of "Apple Intelligence" features this week, astir six weeks aft nan merchandise of nan iPhone 16. Meanwhile, Apple's halfway AI features aren't expected to beryllium released for nan iPhone until early adjacent year.

Here's what Wall Street is looking for successful Apple's upcoming net report.

Bank of America: 'Look past nan iPhone 16 noise'

With immoderate conflicting views connected Wall Street astir iPhone 16 request successful caller weeks, Bank of America said investors should "look past nan iPhone 16 sound to effect of Apple Intelligence."

"Contrary to each rhythm wherever each nan hardware/software functionality is much aliases little fixed done nan people of nan cycle, we position nan rhythm arsenic much move pinch much worldly package updates that increases nan worth to nan user," Bank of America expert Wasmi Mohan said successful a statement past week.

Mohan said iPhone request to prime up complete nan adjacent fewer months arsenic Apple's AI features go much robust and expects nan institution to waste 80 cardinal iPhone units during nan vacation season.

Mohan is encouraged by a somewhat higher mean trading value for iPhones arsenic consumers overwhelmingly proceed to gravitate towards nan much costly Pro models.

Bank of America rates Apple astatine "Buy" pinch a $256 value target.

JPMorgan: Expect a hit connected results but a miss connected guidance

JPMorgan expects Apple to study a beardown fourth-quarter net study that will apt hit gross and profit estimates but that it will besides disappoint pinch weaker-than-expected guidance for nan vacation quarter.

"Sell-through for iPhone 16 bid started disconnected slower than iPhone 15, and while momentum has improved successful caller weeks, nan magnitude of nan betterment is still putting volumes modestly beneath past year," JPMorgan expert Samik Chatterjee said successful a Monday note.

Like galore analysts connected Wall Street, Chatterjee is looking for grounds that AI features will thrust a bump successful iPhone sales.

JPMorgan rates Apple astatine "Overweight" pinch a $265 value target.

Wedbush: Apple will beryllium a $4 trillion institution adjacent year

Wedbush expert Dan Ives isn't budging from him bullish position connected Apple heading into nan company's financial results. He argues that nan iPhone is connected nan verge of a supercycle arsenic consumers upgrade their phones to get entree to Apple Intelligence features.

"We expect a beardown iPhone capacity for nan September 4th and expect a comparatively bullish December iPhone request commentary from Cook & Co. contempt galore of nan bears precocious yelling occurrence successful a crowded theatre connected nan spot of iPhone 16 sales," Ives said successful a statement connected Sunday.

Ives says that bearish views connected Apple neglect to admit its installed guidelines of 1.5 cardinal iPhones that will yet request to beryllium replaced, arsenic good arsenic nan increasing Services business that helps monetize nan monolithic personification base, and nan imaginable for Apple to beryllium nan gatekeeper of AI technologies to a ample group of people.

Wedbush rates Apple astatine "Outperform" pinch a $300 value target.

Goldman Sachs: 'We spot upside to consensus'

Goldman Sachs said it sees "upside to statement gross and EPS driven by outperformance successful iPhone and Services" successful a statement past week.

Goldman expert Michael Ng expects nan institution to study $1.61 successful net per stock and $94.5 cardinal successful revenue, which would correspond year-over-year maturation of 6%.

Like different analysts, Ng is focused connected nan effect of AI and each of nan package features Apple is group to merchandise successful nan adjacent fewer months.

"Although Apple Intelligence has yet to beryllium a request driver, we're encouraged by nan rollout of Apple Intelligence features pinch iOS 18.1 (Week of October 28, includes Writing Tools, notification summaries, Clean Up successful Photos), iOS 18.2 (currently successful beta for est. December release, includes Genmoji, Image Playground, ChatGPT), and iOS 18.4 (est. March 2025 release, much precocious Siri, personalization, on-screen awareness)," Ng said.

Goldman Sachs rates Apple astatine "Buy" pinch a $275 value target.