Apple earnings live updates: iPhone, AI and Tim Cook’s final CEO call

Apple reports fiscal third-quarter earnings Thursday, July 30, after the close. The Street expects earnings per share of $1.89 on revenue of $108.65 billion, according to LSEG. The 5 p.m. ET analyst call marks Tim Cook's final conference call as CEO, adding a succession dimension to the usual iPhone unit and services revenue scrutiny.

Consensus anticipates year-over-year revenue growth driven by continued iPhone demand in international markets, particularly China, and momentum in the services segment that includes App Store, iCloud, and Apple Music subscription revenue. Gross margin trajectory will be in focus as the company navigates component pricing and a higher mix of services revenue.

The AI narrative remains front and center. Apple has integrated machine learning features across iOS and has positioned on-device processing as a privacy advantage, but Wall Street wants clearer monetization paths and capital expenditure guidance tied to generative AI infrastructure.