Hello everyone. On Monday, we went over my expectations heading into Apple’s earnings tomorrow. We also talked briefly about my thoughts on what Apple may say about FY2Q23. Yesterday’s update included my granular financial estimates and updated Apple earnings model. One item that has been on my mind is that noise found with tomorrow’s earnings may drown out the numbers and topics that should grab attention. In today’s update, we go over those key earnings items to keep an eye on tomorrow. The discussion then turns to Spotify’s 4Q22 earnings.

Final Thoughts Heading Into Apple Earnings

One item that has been on my mind is that noise found with tomorrow’s earnings may drown out the numbers and topics that should grab attention.

iPhone strength. As alluded to in yesterday's update, earnings recap headlines will probably be focused on

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