AI image: Google Gemini/Cult of Mac
Wall Street is putting out positive vibes about the March quarter results Apple will announce Thursday. Analysts anticipate a 4% increase in revenue, and a jump in earning per share too.
That might be surprising in the wake of President Donald Trump imposing a 20% tariff on electronics coming in from China. But the Apple financial results about to be revealed are for the quarter that ended in March, and the Trump tariffs weren’t announced until April, so they don’t have a direct effect on these numbers. That’ll come with the June quarter results.
Analysts upbeat about Apple financial results
When Apple announces the March 2025 quarter results, how well the company’s products sold in China will be closely watched. Greater China accounted for 18% of Apple’s revenue during the March 2024 quarter, but a year later that might slip. Even before the import taxes hit in April, Trump was verbally attacking China, and the Chinese government responded in kind. The result might be reduced demand for Apple products in China last quarter.
On the positive side, the popular MacBook Air got the latest M4 processor during last quarter. And the newly launched iPhone 16e is reportedly selling well.
The net result: Wall Street analysts are generally upbeat. An average of their predictions pegs Apple’s revenue in the first three months of 2025 at $94.6 billion, up 4% from the $90.7 billion the tech giant took in during the same quarter at the start of 2024, according to figures compiled by Yahoo Finance. And the average EPS estimate stands at $1.62, up almost 6% year-over-year from $1.53.
Apple plans to reveal the results of its March quarter — the company’s Q2 2025 financial quarter — after Wall Street closes on Thursday.
Tariff troubles ahead
As is traditional, Apple CEO Tim Cook and Chief Financial Officer Kevan Parekh will hold a conference call with investors after the financial results are announced, much of which will be a question-and-answer session. Expect the Trump tariffs to come up very frequently.
Whether Cook can calm jittery investors will surely have a large effect on Apple’s share price on Friday. As of Wednesday, the AAPL share price is off 8% since Trump was sworn into office, though the Mac-maker remains the world’s most valuable company.
