Apple's expected to post its first revenue decline since 2019 on Thursday
Publishing timestamp: 2023-01-30 15:48:21
Summary
Apple is expected to report its first year-over-year revenue decline since 2019's March quarter when it reports earnings on Thursday. This is due to production issues and a slump in the PC and smartphone markets. Analysts are split on the severity of the slowdown in App Store growth, which is a large component of Apple's services business. Investors will be looking for silver linings such as higher percentages of revenue from Apple TV+ and Apple Music.
Sentiment: MIXED
Tickers: AAPL,
Keywords: mobile, technology, breaking news: technology, apple inc, business news, iphone, business,