Apple (AAPL) Likely to Report Modest Q2 Results Amid China Headwinds
Monday, 29 April 2024, 20:00
Apple (AAPL) Likely to Report Modest Q2 Results Amid China Headwinds
Apple Inc. (NASDAQ: AAPL) is set to announce its second-quarter results, with analysts forecasting a decline in revenues and profit. The continuing sales slump in China remains a worry, although the services business and installed bases may drive growth. The current market view is positive for Apple, with an expected uptrend in stock price.
Q2 Report Due
- Expected modest year-over-year decrease in March quarter earnings to $1.4 per share.
- Five percent drop in Q2 revenues to $84.12 billion.
Despite sales challenges in China, stakeholders anticipate a strong second half for Apple, expected to be driven by the upcoming iPhone-16 cycle with advanced AI features.
Apple's stock has yet experienced weakness, but there are positive expectations for future performance.This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.