During quarterly earnings calls, many executives deploy language designed to puff up, excuse or obfuscate their companies’ recent performance. The goal is to make investors pant with delight over implied future success. And ultimately to give the company more money. Always. More. Money.
But when you’re Apple — with a mind-blowing market cap and a seemingly never-ending supply of hit products — you typically don’t need to craft hopeful-yet-non-material statements or deflect questions designed to get at the bottom line.
Apple’s next earnings call takes place this afternoon. CEO Tim Cook and CFO Luca Maestri will report on all the numbers. Because of poor economic conditions globally, expectations aren’t sky high, and some analysts figure Apple will beat them despite concerns about iPhone 14 sales.
Wall Street expects Q4 2022 earning per share of $1.26 on $90 billion in revenue (note that Q4 refers to Apple’s fiscal calendar Q4, which differs from the regular calendar because the company, like many, considers its fiscal “Q1” to be the holiday season, which is what most people think of as the fourth quarter of the year).