{
  "id": 17871403,
  "title": "As you might expect, Apple is predicting a blockbuster holiday quarter",
  "url": "https://urgent.news/2026/11/02/as-you-might-expect-apple-is-predicting-a-blockbuster-holiday-quarter",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-02T23:10:02.000Z",
  "source": {
    "name": "AppleInsider",
    "slug": "appleinsider",
    "url": "https://appleinsider.com/articles/26/11/02/as-you-might-expect-apple-is-expecting-a-blockbuster-holiday-quarter"
  },
  "original_language": "en",
  "account": "Apple has set the bar for holiday quarter earnings with expectations of a blockbuster performance in Q1 2027. In a recent earnings call, CFO Kevan Parekh shared forward-looking statements indicating the company could shatter records once again. Apple CFO Kevan Parekh has shared that revenue growth for the upcoming quarter is expected to sit between 7% and 10% year-over-year. Parekh also hinted that this strong performance is reflective of constrained supply, with revenue potentially reaching up to $158.18 billion. Services revenue is also anticipated to grow between 8% and 9% year-over-year. Gross margins are projected to range between 45% and 46%, a slight decrease attributed to rising memory costs and expenses related to the rollout of Siri AI. Operating expenses are expected to fall between $20.4 billion and $20.8 billion, with a tax rate of approximately 17%. Despite the potential for growth that may not meet investor expectations, Apple is poised to break records once more.",
  "summary": "After reporting a Q4 that rivals previous Apple holiday quarters, Apple has hinted that even with product constraints holiday quarter earnings will be its best ever with as much as 10% growth year-over-year. iPhone Duo could help drive Apple to another record-breaking holiday quarter Apple CFO Kevan Parekh shared some of Apple's forward-looking statements about what it might expect during Q1…",
  "key_points": [
    "Apple anticipates blockbuster Q1 2027 earnings",
    "Revenue growth projected between 7% and 10% YoY",
    "Services revenue expected to grow 8% to 9% YoY"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hacker News",
        "title": "Apple reports fourth quarter results",
        "url": "https://urgent.news/2026/11/02/apple-reports-fourth-quarter-results",
        "published": "2026-11-02T22:13:42.000Z"
      },
      {
        "outlet": "CNBC Technology",
        "title": "Apple's quarter is not perfect. But with enough to like, we raised our price target",
        "url": "https://urgent.news/2026/11/03/apples-quarter-is-not-perfect-but-with-enough-to-like-we-raised-our",
        "published": "2026-11-03T00:55:36.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}