NYSE:EL News 9 January 2026

January 29, 2026, 1:58 PM EST. Apple is set to report its fiscal first-quarter earnings Thursday after the bell, with Wall Street expecting EPS of $2.67 and revenue near $138.48 billion. The quarter marks the first full cycle for iPhone 17 sales, with Apple projecting 10-12% revenue growth driven by strong iPhone demand during the holiday season. However, shares have dropped about 11% since early December. Analysts will focus on Apple's management outlook on escalating memory and storage component costs, linked to an AI-driven shortage, which could pressure operating margins. CFO Kevan Parekh downplayed memory cost impact earlier, but Morgan Stanley warns these expenses may become more significant. CEO Tim Cook is likely to face questions on Apple's AI strategy including its use of Google's Gemini and plans for an upgraded Siri, even as AI's commercial benefits remain uncertain amid rising memory prices.