Apple earnings call expected to focus on China and tariffs

Apple’s upcoming earnings call is expected to center on China and tariffs as the company reports results shortly after announcing major leadership changes. Traders on Kalshi also see some chance that Apple could address topics such as Google’s Gemini AI model, smart glasses, creator tools, and a possible foldable iPhone, though those issues appear less likely to come up. The company is set to report after Thursday’s closing bell, about a week after it said Tim Cook will step down in September and be replaced by John Ternus, Apple’s senior vice president of hardware engineering. Traders assign a very high probability that Apple will mention China and tariffs, while other subjects remain uncertain. Market participants are less confident that Apple will discuss its AI plans, wearable glasses, or future foldable devices during the call. The article notes that Apple has a deal with Google to bring Gemini into Apple Intelligence features, and that reports about an AI smart glasses project and a foldable iPhone have circulated, but none of those developments has been formally announced by Apple.