Apple Earnings Preview and Economic Data Release
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Should l Buy AAPL?
Source: Yahoo Finance
- Apple Earnings Expectations: Apple is expected to report fiscal Q2 revenue exceeding guidance, driven by strong iPhone demand in China, double-digit growth in services, and potential upside in Mac sales, indicating robust growth potential in a competitive market.
- Leadership Transition: CEO Tim Cook is set to step down in September, with longtime hardware chief John Turnus taking over, a change that may influence investor confidence regarding the company's strategic direction, particularly in innovation and product development.
- Macro Economic Data: The March Personal Consumption Expenditures (PCE) index will be released on Thursday, with economists forecasting a 0.7% month-over-month increase in headline inflation, while core inflation is expected to cool slightly to 0.3%, potentially impacting the Federal Reserve's monetary policy decisions amid steady interest rates.
- GDP Growth Forecast: First quarter GDP is projected to rebound to 2.2%, a significant increase from 0.5% in Q4 2025, indicating economic resilience despite rising rates, which may bolster investor confidence and enhance market activity.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 293.320
Low
239.00
Averages
306.89
High
350.00
Current: 293.320
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home and Accessories. Its services include advertising, AppleCare, cloud services, digital content, and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its wearables include smartwatches, wireless headphones, and spatial computers. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- WWDC Conference Preview: At the WWDC event on June 8, Apple is expected to unveil significant AI advancements and new software tools, potentially fueling future growth, although market expectations for AI features are already high.
- Strong Financial Performance: Apple's latest quarterly results show a market cap of $4.3 trillion, and with the stock trading at 35 times its earnings, investor sentiment remains cautious regarding future growth, which may affect short-term investment decisions.
- Investor Sentiment Shift: Despite the slow progress in Apple's AI strategy, investor sentiment is gradually rising, reflecting market anticipation for the upcoming WWDC conference, which could influence short-term stock price fluctuations.
See More
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- Strategic Shift: Leadership highlighted the transition to consumption-based pricing and the successful rollout of its AI Work Platform as key drivers, which not only enhanced customer satisfaction but also strengthened competitive positioning in the market.
- Operational Leverage: CFO Eliran Glazer noted that internal AI productivity gains allow the company to scale revenue without increasing headcount, indicating a higher operational efficiency achieved in a complex environment.
- Strong Cash Flow: The firm generated over $102 million in adjusted free cash flow, providing substantial capital to further invest in autonomous AI agents, thereby enhancing the sustainability of future growth.
See More
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- AI Momentum Continues: Dan Ives from Wedbush Securities predicts that the Nasdaq will rise to 30,000 points within the next year, driven by a strong earnings season that boosts enthusiasm for AI stocks, reflecting optimistic market expectations for AI infrastructure development.
- Surge in Chip Demand: Ives highlights a 10-1 demand-supply ratio for chips, indicating unprecedented demand for memory chips, which further validates the bullish thesis on AI and suggests that we are still in the early days of the AI revolution.
- Strong Semiconductor Performance: Over the past month, the Nasdaq PHLX Semiconductor Sector Index has soared by 38%, with major companies like Intel, Nvidia, Apple, and Alphabet achieving double-digit growth, showcasing strong investor confidence in these tech giants.
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- CoreWeave Price Target Raised: Barclays increased CoreWeave's price target from $106 to $120, noting strong first-quarter earnings that exceeded expectations; however, light guidance for Q2 led to an 11% drop in shares, highlighting the tension between revenue growth and rising operating expenses.
- Strong Performance for Corning: Corning's stock rose 3.4% in premarket trading after Bank of America added it to its
See More
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- Nasdaq Forecast: Dan Ives from Wedbush Securities predicts that the Nasdaq will rise to 30,000 points within the next year, reflecting strong investor enthusiasm driven by a robust tech earnings season, particularly for AI stocks.
- Earnings Season Impact: As of last Friday, the Nasdaq Composite closed at 26,247.08 points, marking a 12.93% increase year-to-date, indicating strong demand for AI infrastructure that further validates the bullish thesis on AI.
- Surging Chip Demand: Ives noted that the demand-supply ratio for chips is 10-1, suggesting that we are still in the early days of the AI revolution, with sustained growth in demand for memory chips expected over the next two years, particularly for companies like SK Hynix.
- Market Dynamics Analysis: While Michael Burry warns that the market's fixation on AI may resemble the late stages of the 1999-2000 bubble, Ives believes the AI bull market will continue, urging investors to diversify across sectors such as chips, software, and cybersecurity.
See More
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- Stock Performance: Intel's stock (INTC) gained 2% in Monday's premarket, while shares of its main contractor TSMC declined, reflecting market optimism regarding Intel's potential collaboration with Apple.
- Market Potential: Bank of America raised Intel's price target from $56 to $96, forecasting that a partnership with Apple could generate $10 billion in annual sales by 2030, further expanding its addressable market to $35 billion to $40 billion.
- Restructuring and Collaboration: Under CEO Tan's leadership, Intel has undergone significant restructuring and formed a new partnership with Nvidia, and if the deal with Apple materializes, it would provide crucial support for reviving its foundry business.
- Financial Performance: Intel's stock has surged 240% this year, with quarterly revenue rising 7% to $13.6 billion, exceeding Wall Street estimates, while data center and AI sales increased by 22%, demonstrating the company's strong market performance.
See More
