Apple eyes iPhone growth in first earnings report since Tim Cook's announced exit

Apple CEO Tim Cook holds up a new iPhone 17 Pro during an Apple special event at Apple headquarters in Cupertino, California, Sept. 9, 2025. Justin Sullivan | Apple reports fiscal second-quarter earnings on Thursday, its first time facing Wall Street since the announcement last week that Tim Cook will be stepping down as CEO after 15 years on the job. Here's what investors are expecting, according to LSEG consensus estimates. EPS: $1.95 Revenue: $109.7 billion Wall Street is also looking at these key areas: iPhone revenue: $56.7 billion expected, according to StreetAccount Mac revenue: $8.16 billion expected, according to StreetAccount iPad revenue: $6.71 billion expected, according to StreetAccount Wearables, Home and Accessories revenue: $7.8 billion expected, according to StreetAccount Services revenue: $30.4 billion expected, according to StreetAccount Gross margin: 48.4% Analysts expect 15% year-over-year revenue growth at Apple from $95.4 billion a year earlier. The main driver is the iPhone, with Wall Street looking for a 20% jump in annual sales, thanks largely to the popularity of the iPhone 17, which went on sale last year . In March, Apple announced a number of new products, including its iPhone 17e, a refreshed iPad Air laptop with an M4 chip in 11-inch and 13-inch sizes. But the biggest surprise was the MacBook Neo, a low-cost laptop priced at $599 and aimed at students and budget-conscious consumers. …