What to Expect From Apple's Earnings Call on May 1 as Tariffs Loom

Apple will report its earnings for the second quarter of its 2025 fiscal year on May 1 at 1:30 p.m. Pacific Time, followed by a conference call with CEO Tim Cook and CFO Kevan Parekh. The quarter, which ran from December 29, 2024, to March 29, 2025, saw the launch of several new products, including the iPhone 16e, iPad Air models, and MacBook Air models. The average Wall Street estimate for Apple's second-quarter revenue is $94.1 billion, a 3.5% increase over the previous year. Cook and Parekh will discuss the results on the conference call, which will include a Q&A segment with analysts. Investors will be listening for commentary on tariffs, which could impact Apple's revenue. The company is expected to be affected by the US tariffs on products imported from China, where the majority of iPhones are assembled. Apple may increase prices or find ways to offset the added costs, which could boost third-quarter revenue but make the fourth quarter tougher. Apple shares are currently trading at around $184, down from a 52-week high of $260. The conference call will be available as a live audio stream on Apple's Investor Relations page, with a recording available later in the day. The call is expected to last around one hour.