Apple earnings updates: Wall Street is bullish on iPhone demand, AI, as market cap tops $4 trillion

Apple is set to report its earnings for the fourth quarter on Thursday.Justin Sullivan/Getty ImagesHot off its historic jump to a $4 trillion market cap, Apple will report earnings for its fiscal fourth quarter after the closing bell on Thursday.Wall Street is highly bullish on iPhone demand, which analysts see as the key driver of a consensus-beating report. Investors should also be listening for updates on the company's AI ambitions, as some commentators this year have feared that Apple's mega-cap peers are pulling ahead in the AI race.The iPhone maker will report results shortly after the 4 p.m. closing bell, with the analyst call scheduled for 5 p.m. ET.Wall Street is expecting Apple to report $102.1 billion of revenue for Q4.Fourth QuarterRevenue estimate $102.19 billionProducts revenue estimate $73.49 billionMac revenue estimate $8.55 billioniPad revenue estimate $6.97 billionWearables, home and accessories estimate $8.64 billionServices revenue estimate $28.18 billionGreater China rev. estimate $16.43 billionAmericas rev. estimate $44.45 billionEurope revenue estimate $26.36 billionJapan revenue estimate $6.41 billionRest of Asia Pacific revenue estimate $8.08 billionEPS estimate $1.77Total operating expenses estimate $15.75 billionResearch and development operating expenses estimate $8.8billionSG&A operating expense estimate $6.96 billionGross margin estimate $47.41 billionCash and cash equivalents estimate $51.67 billionCost of sales estimate $54.47 billionTotal current assets estimate $144.92 billionTotal current liabilities estimate $159.68 billionFirst QuarterCapital expenditure estimate $3.97 billion2026Capital expenditure estimate $15.03 billionSource: BloombergRead the original article on Business Insider

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