You can bet on the words that will be said on Apple’s earnings call like ‘Tariff’ and ‘Severance’

## Apple’s Earnings Call: What’s on the Horizon?

Wall Street is buzzing as Apple prepares to release its third-quarter results. Prediction platform Kalshi is giving us a sneak peek into what might be discussed on the upcoming earnings call. Here’s what the market is anticipating:

  • China and Tariffs: Kalshi users are betting with a 90% probability that Apple will address the topics of “China” and “Tariffs” during the call. This comes amid pressure for domestic manufacturing and potential tariffs on iPhones not made in the U.S.
  • Manufacturing Shifts: Apple is expanding production to India and opening a manufacturing academy in Detroit. India has surpassed China in smartphone exports.
  • Analyst Outlook: Barclays analyst Tim Long forecasts potential struggles for iPhone sales due to macroeconomic factors, lack of new features, and market share losses in China.
  • “Severance” and Entertainment: The platform is also anticipating discussion of Apple TV+’s “Severance” (50% probability), and “Formula 1/F1” (87% probability) due to the success of “F1: The Movie”.
  • Financial Expectations: Analysts anticipate a single-digit percentage increase in earnings and revenue for the quarter. Apple shares are down nearly 17% year-to-date.

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Source: https://www.cnbc.com/2025/07/31/you-can-bet-on-the-words-that-will-be-said-on-apples-earnings-call.html

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