CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Apple share price: Q4 earnings preview

Apple Q4 earnings to be driven by iPhone 12 sales.

When are the Apple results?

Apple Inc. the world’s largest company by market capitalization, is set to report quarter four (Q4) 2021 earnings on 28 October 2021.

What ‘the Street’ expects from Apple Q4 2021 results?

Apple Inc. no longer issues forward guidance for its quarterly results due to the Covid-19 pandemic, its effects on supply chains and in turn the uncertainty of future earnings.
That being said, Apple has done very well through the Covid-19 pandemic period and has had a very strong year thus far. The current reporting period follows on from the June quarter where revenue records were realized in each of the group’s geographic segments and double-digit growth was recorded in each of the group’s product categories.

iPhone 12 demand is expected to be the primary driver of revenue and earnings growth, while iPhone 13 sales will only have a material impact on the next reporting quarter (Q1 2022). Markets will be hoping that forward guidance from the group is reinstated with a particular focus on how chip shortages could effect sales going forward. For the reporting quarter however, iPhone sales are suggested by JP Morgan to be within the range of 55 to 58 million units, equating to around $46 billion in sales.

A consensus of estimates from Refinitiv data for the upcoming Q4 2021 Apple results arrive at the following:

  • Revenue for the quarter of $84.8 billion
  • Earnings per share (EPS) for the quarter of $1.23

How to trade Apple results

In terms of an institutional view as of 20 October 2021, a Refinitiv poll of 42 analysts have an average rating of ‘buy’ for Apple, with a long-term price target (mean) of $168.35.

In terms of a retail trading view, as of 20 October 2021, IG Client Sentiment data shows 93% of IG clients with open positions expect the price to rise in the short term, while 7% expect the price to fall in the near term.

Apple share price – technical view

In our previous earnings preview note on Apple, we looked at the price breaking out of the bullish triangle formation. The move fell marginally short of the 160.50 projected target and the price has since retraced back to the 200 day simple moving average (SMA) displayed by the blue line.

The ‘w’ shape below the 143.50 level is known as a double bottom formation in technical analysis terms. In context this pattern suggests that the correction or downtrend since the recent price high for Apple is now over.

160.50 continues to be our favoured upside target as the short-term trend now resumes up in line with the longer-term uptrend. Only on a move below the 200 day SMA currently at 135.80 would we reassess the merits of our long bias to trades on Apple.

Summary

  • Q3 2021 results are scheduled for 28 October 2021
  • Revenue for the quarter of $84.8 billion expected
  • EPS for the quarter of $1.23 expected
  • The average long term broker rating consensus for Apple is ‘buy’
  • 93% of IG clients with open positions on Apple expect the price to rise in the near term
  • The long term trend for Apple remains up
  • The short term uptrend for Apple has resumed

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Act on share opportunities today

Go long or short on thousands of international stocks with CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.