Apple Earnings Live Updates: Inventory Down; iPhone demand, AI in focus

• Apple reports fiscal fourth-quarter results after the closing bell rings on Thursday.
• The company is expected to report revenue of $94.36 billion.
• Apple stock is up about 19% in 2024.

Apple is expected to report its fourth-quarter earnings after the market close, and investors are eager to see the results.

Apple is the largest company in the world by market value, and its profits could have a significant impact on the overall market.

Apple's earnings results may have ripple effects for the many publicly traded companies that supply the company with components for its iPhones, iPads and Mac computers, and investors will also deduce what Apple's results could mean for consumer health.

With this quarter's results covering just two weeks of sales for Apple's new iPhone 16 lineup, analysts will focus on the company's forecasts for the upcoming holiday season, which has historically been the busiest time of the year.

Any hints from Apple CEO Tim Cook about the impact of its AI features on iPhone demand will also be an important point to pay attention to.

Apple shares are up about 19% year-to-date, slightly behind the S&P 500's gain of about 22%.

Check back throughout the day for live updates on Apple's earnings results. The company will report results at 4:30 p.m. ET.