Earnings for what may be Apple's last quarter without massive tariffs, that saw releases of iPhone 16e, updated Macs, and new iPads will be announced on May 1, followed by a conference call.
Apple's first quarter isn't always the most exciting one for the company, as the holiday quarter is tough to follow. However, there may be a mild boost to some categories when compared year-over-year thanks to new product releases.
An Investor Relations post from Apple revealed that the earnings for fiscal quarter two would be shared on April. As always, the earnings call will follow shortly after where executives will discuss the earnings and answer analyst questions — and we're expecting a huge amount of questions about how Apple will handle the tariff situation.
After two full quarters into iPhone 16 and Apple Intelligence, eyes will also be on the iPhone portion for signs of waning demand. There's little chance that the recently announced AI feature delay will have had enough time to impact the quarter, and iPhone 16e could help boost the numbers.
Apple released a few products during the quarter, but iPhone 16e was the only one with a majority of the quarter to generate sales. The new Macs and iPads could help those numbers, but they didn't ship until March 12.
The MacBook Air with M4 will likely prove as popular as ever thanks to its new lower $999 price for the latest model. M3 models released less than a year prior, so the demand for those products may not have had time to decline prior to the quarter.
The third entry devices released in the quarter was the iPad A16 — 11th-generation model. The base iPad is always a strong seller, but the new model is a small spec bump that lacks Apple Intelligence and likely won't drive demand.
The iPad Air got the M3 chip, and like the iPad 11, it's a popular model that sells throughout the year. Mac Studio got upgraded with M4 Max and M3 Ultra, but the niche product is expensive.
Regardless, all these products besides the iPhone 16e likely had little, if any, effect on the overall earnings. They might help improve compares slightly year-over-year, but don't expect any records.
And, President Trump's tariffs were announced well after the quarter ended. Earnings will not be impacted at all by them, nor from panic-buying of iPhones and other hardware.
AppleInsider will have a breakdown of the earnings report and the call as always.
