Apple set to report earnings with new CEO as Intel warns of weak demand
Apple will release its quarterly results on Monday after the market closes, with chief executive John Ternus leading his first earnings call. The company joins six other Club stocks reporting this week, a period described as the busiest of the third‑quarter earnings season. Meanwhile, Intel issued a pessimistic outlook for the current quarter, citing inflation‑driven pressure on PC demand. The mixed signals come as U.S. midterm elections approach, which will decide control of Congress.
Key facts
- Apple's earnings release follows the busiest week of Q3 reporting.
- Intel's guidance reflects current‑quarter expectations.
- John Ternus recently became Apple CEO.
- Six major tech companies are reporting earnings this week.
- Midterm elections will set congressional control.
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Why it matters
Earnings and guidance shape investor sentiment ahead of key elections.
What changed
First published from CNBC