Apple's stock rose after hours on iPhone revenue that handily beat Wall Street's estimates. CEO Tim Cook talked China, AI, and the memory shortage.

Here are five key things investors need to know to start the trading day.

Tech giant sees 16% revenue growth but shares fall on supply chain worries.

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The memory shortage got a lot of attention on Apple's earnings call.

Apple's AI strategy draws attention as it prepares to report Q1 earnings. Analysts predict potential stock rally if AI plans impress investors.

Apple is scheduled to report fiscal first-quarter results after the stock market closes on Thursday. Analysts surveyed by FactSet expect the company to post adjusted earnings of $2.67 a share on revenue of $138.4 billion. That would be a jump from earnings of $2.40 a share on revenue of $124.3 billion in the same period last year.

Later today, Apple will release its Q1 2026 earnings, which are expected to be the company’s best ever, per Tim Cook’s own expectations.

Apple did not disappoint with its December-quarter earnings, delivering records on both revenue and earnings per share. The company posted $143.8 billion in revenue, up 16% year-over-year, and $2.84 in earnings per share.

Apple reported a 16% year-on-year jump in its fiscal first-quarter revenue on "staggering" iPhone demand, topping market estimates.